The Fort Worth Press - China backpedals on climate promises as economy slows

USD -
AED 3.672504
AFN 64.000368
ALL 81.450403
AMD 370.780403
ANG 1.789884
AOA 918.000367
ARS 1392.916052
AUD 1.388889
AWG 1.8
AZN 1.70397
BAM 1.669697
BBD 2.01454
BDT 122.725158
BGN 1.668102
BHD 0.37765
BIF 2976
BMD 1
BND 1.275896
BOB 6.911331
BRL 4.953904
BSD 1.000226
BTN 94.881811
BWP 13.592996
BYN 2.822528
BYR 19600
BZD 2.011629
CAD 1.35975
CDF 2320.000362
CHF 0.781253
CLF 0.022842
CLP 899.000361
CNY 6.82825
CNH 6.831005
COP 3657.4
CRC 454.73562
CUC 1
CUP 26.5
CVE 94.450394
CZK 20.786704
DJF 177.720393
DKK 6.375104
DOP 59.503884
DZD 132.503944
EGP 53.639736
ERN 15
ETB 157.000358
EUR 0.85285
FJD 2.192104
FKP 0.734252
GBP 0.735159
GEL 2.680391
GGP 0.734252
GHS 11.203856
GIP 0.734252
GMD 73.000355
GNF 8775.000355
GTQ 7.641507
GYD 209.25239
HKD 7.83505
HNL 26.620388
HRK 6.42804
HTG 131.024649
HUF 309.943504
IDR 17334.35
ILS 2.94383
IMP 0.734252
INR 94.910504
IQD 1310
IRR 1314000.000352
ISK 122.680386
JEP 0.734252
JMD 156.725146
JOD 0.70904
JPY 157.07304
KES 129.150385
KGS 87.420504
KHR 4012.503796
KMF 420.00035
KPW 900.049007
KRW 1471.320383
KWD 0.30729
KYD 0.833543
KZT 463.288124
LAK 21980.000349
LBP 89550.000349
LKR 319.671116
LRD 183.875039
LSL 16.660381
LTL 2.95274
LVL 0.60489
LYD 6.350381
MAD 9.25125
MDL 17.233504
MGA 4150.000347
MKD 52.564485
MMK 2099.599729
MNT 3579.164068
MOP 8.070846
MRU 39.970379
MUR 47.030378
MVR 15.455039
MWK 1741.503736
MXN 17.457204
MYR 3.970377
MZN 63.903729
NAD 16.660377
NGN 1375.980377
NIO 36.710377
NOK 9.296404
NPR 151.803598
NZD 1.694485
OMR 0.384745
PAB 1.000201
PEN 3.507504
PGK 4.33875
PHP 61.275038
PKR 278.775038
PLN 3.62095
PYG 6151.626275
QAR 3.643504
RON 4.438104
RSD 100.106587
RUB 74.972586
RWF 1461.5
SAR 3.74998
SBD 8.04211
SCR 13.746323
SDG 600.503676
SEK 9.213704
SGD 1.272604
SHP 0.746601
SLE 24.603667
SLL 20969.496166
SOS 571.000338
SRD 37.458038
STD 20697.981008
STN 21.21
SVC 8.7523
SYP 110.525092
SZL 16.660369
THB 32.513038
TJS 9.381822
TMT 3.505
TND 2.88175
TOP 2.40776
TRY 45.142504
TTD 6.789386
TWD 31.629504
TZS 2605.000335
UAH 43.949336
UGX 3760.987334
UYU 39.889518
UZS 11950.000334
VES 488.942755
VND 26356
VUV 118.890896
WST 2.715189
XAF 560.041494
XAG 0.01327
XAU 0.000217
XCD 2.70255
XCG 1.80265
XDR 0.69563
XOF 560.000332
XPF 102.150363
YER 238.603589
ZAR 16.665525
ZMK 9001.203584
ZMW 18.67895
ZWL 321.999592
  • RBGPF

    0.5000

    63.1

    +0.79%

  • BCC

    -1.1400

    78.13

    -1.46%

  • BCE

    0.1800

    23.96

    +0.75%

  • AZN

    -2.6300

    184.74

    -1.42%

  • GSK

    -0.7000

    51.61

    -1.36%

  • NGG

    -1.0600

    88.48

    -1.2%

  • RELX

    -0.2400

    36.35

    -0.66%

  • CMSC

    0.0600

    22.88

    +0.26%

  • RIO

    0.1000

    100.58

    +0.1%

  • RYCEF

    0.5500

    16.35

    +3.36%

  • JRI

    -0.0100

    12.98

    -0.08%

  • BTI

    -0.0900

    58.71

    -0.15%

  • CMSD

    0.1500

    23.28

    +0.64%

  • BP

    -0.9700

    46.41

    -2.09%

  • VOD

    0.3500

    16.15

    +2.17%

China backpedals on climate promises as economy slows
China backpedals on climate promises as economy slows

China backpedals on climate promises as economy slows

When China's President Xi Jinping issued his traditional Lunar New Year wishes from the country's coal heartland in January, the subtext was clear: Beijing is not ready to kick its coal addiction, despite promises to slash emissions.

Text size:

The ink had barely dried on the hard-fought deal struck at last year's United Nations climate conference in Glasgow when Beijing's backslide on pledges began.

The country's central economic planner has watered down a roadmap to slash emissions, greenlighted giant coal-fired power plants, and told mines to produce "as much coal as possible" after power shortages paralysed swathes of the economy last year.

Environmentalists are concerned this would mean China would continue to pollute beyond the 2030 deadline by which it has promised to have reached peak emissions.

Xi's trip to mining towns in Shanxi –- China's biggest coal producing province -- saw him making crispy noodle snacks with families "recently lifted out of poverty".

"We are not pursuing carbon neutrality because others are forcing us, it's something we must do. But it can't be rushed," he said later, while inspecting a thermal power plant.

"We can't delay action, but we must find the right rhythm."

Days earlier, Xi told Communist Party officials in Beijing that low-carbon goals should not come at the expense of "normal life" -- a major change in rhetoric from his 2020 announcement at a UN assembly that China would be carbon neutral by 2060.

- Dependent on coal -

The Glasgow pact encourages countries to slash their emissions targets, with the aim of limiting warming to well below 2 degrees Celsius (36 degrees Fahrenheit) ideally to 1.5 degrees.

Experts have warned that global emissions must be halved within a decade to have a chance of achieving that goal.

A report issued by the UN's climate science advisors on Monday said that warming beyond 1.5C would wreak permanent damage to the planet and that nearly half the world's population is already "highly vulnerable" to the accelerating impacts of climate change.

"The world's biggest polluters are guilty of arson of our only home," UN chief Antonio Guterres said in response to this most compelling scientific overview of climate change impacts to date.

China generates an estimated 29 percent of the world's greenhouse gas emissions -- double the US share and three times that of the European Union.

Environmentalists had hoped that post-Glasgow, Beijing might announce a maximum carbon cap for the whole country but Li Shuo, a campaigner for Greenpeace China, told AFP that is now "off the table".

Policymakers in Beijing have long walked a tightrope balancing climate objectives with domestic growth.

Beijing has pledged to curb coal consumption after 2025 -- but last year, half of China's economy was fuelled by it.

Now as growth slows, authorities are resorting to an old formula of propping up smokestack industries to juice the economy.

In late 2021 China began construction on 33 gigawatts of coal-fired power plants -- the most since 2016 -- that will emit as much carbon dioxide annually as Florida, according to data from Global Energy Monitor.

Even more new plants are being built in the first few months of 2022 as well, all of which can operate for 40 years on average.

- 'Ambition in jeopardy' -

During the Glasgow talks the Chinese delegation -- like many others -- promised a detailed roadmap to peak emissions for different industries and regions over the next decade.

Existing guidelines issued just before the talks only include vague targets for increasing energy efficiency and say renewables will supply a quarter of China's electricity by 2030.

They have not yet been updated.

This "suggests that the politics are tough, ambition is in jeopardy, and the regulators are reserving as much wiggle room (to pollute) as possible for the next few years," Greenpeace's Li said.

Earlier last month, Beijing pushed back the deadline for slashing emissions from the steel sector -- China's biggest carbon emitter -- five years to 2030.

"Steel and cement need to peak earlier than the country as a whole to ensure China's targets are on track," said Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air.

Meanwhile, China's investments in overseas oil and gas projects tripled to $10.9 billion last year, according to a Fudan University report in January.

- Renewable bottlenecks -

Another of China's key pledges -- to increase wind and solar capacity to three times the current level over the next decade -- has been blown off-course as well by supply chain disruptions and soaring raw material costs.

The price of polysilicon, used to make solar panels, jumped 174 percent in December from the previous year.

Analysts fear more fossil fuels will be burnt to meet China's growing energy needs as the rollout of renewables slows.

"The political signals are much more cautious (than before), saying the transition will be slow, and coal would remain a mainstay of China's energy supply for a long time," said Myllyvirta.

M.Cunningham--TFWP