Smoke and steam rise from a coal processing plant in Hejin in central China’s Shanxi Province.
Between 2000 and 2018, its annual carbon emissions nearly tripled, and it now accounts for nearly a third of the world’s total greenhouse gases linked to global warming. But the coronavirus, which saw the Chinese economy contract for the first time in 30 years, also opened the taps from government lenders to build new coal plants to revive flatlining provincial economies.
This week Xi Jinping unveiled China’s bold pitch for leadership on global warming at the United Nations, vowing his nation will reach peak emissions before 2030 and go carbon neutral thirty years later. “A new fleet of coal plants is in direct contradiction with China’s pledge to peak emissions before 2030,” said Lauri Myllyvirta, China analyst at Centre for Research on Energy and Clean Air.The world’s second largest economy is also positioning itself as the global leader in renewables.
But the new coal surge is running renewables out of the market because China’s energy distribution system uses Soviet-style quotas, where power suppliers are allocated a monthly supply limit.
and here they are criticising the USA's decision to pull out from the Paris Climate Accord while they kept on fulfilling the goals stated in it. What most people don't know is that in layman's explanation, the PCA is just too costly and gives China a subtle advantage.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: malaymail - 🏆 1. / 86 Read more »
Source: NST_Online - 🏆 17. / 53 Read more »
Source: NST_Online - 🏆 17. / 53 Read more »
Source: fmtoday - 🏆 5. / 72 Read more »
Source: fmtoday - 🏆 5. / 72 Read more »
Source: staronline - 🏆 4. / 75 Read more »