The Fort Worth Press - China nears peak emissions as climate envoy meets US counterpart

USD -
AED 3.672498
AFN 64.000326
ALL 82.68029
AMD 367.135014
ANG 1.790403
AOA 916.999809
ARS 1477.225982
AUD 1.448845
AWG 1.8
AZN 1.702453
BAM 1.715275
BBD 2.014515
BDT 123.02835
BGN 1.69088
BHD 0.377119
BIF 2970.641759
BMD 1
BND 1.294218
BOB 6.912067
BRL 5.176399
BSD 1.000241
BTN 93.880701
BWP 13.593527
BYN 2.900919
BYR 19600
BZD 2.011585
CAD 1.418275
CDF 2270.000387
CHF 0.808603
CLF 0.023386
CLP 920.39016
CNY 6.80385
CNH 6.80532
COP 3436.33
CRC 454.120897
CUC 1
CUP 26.5
CVE 96.704174
CZK 21.28265
DJF 178.120998
DKK 6.55597
DOP 58.769103
DZD 133.313032
EGP 49.508698
ERN 15
ETB 161.263403
EUR 0.877098
FJD 2.266103
FKP 0.756718
GBP 0.75655
GEL 2.645009
GGP 0.756718
GHS 11.278044
GIP 0.756718
GMD 73.000078
GNF 8764.059725
GTQ 7.63095
GYD 209.335368
HKD 7.84221
HNL 26.762262
HRK 6.609701
HTG 130.728584
HUF 310.600502
IDR 17859
ILS 2.997769
IMP 0.756718
INR 94.36415
IQD 1310.26771
IRR 1375050.000106
ISK 126.301278
JEP 0.756718
JMD 157.530312
JOD 0.708976
JPY 161.650502
KES 129.509862
KGS 87.449975
KHR 4014.99704
KMF 433.999764
KPW 900.00035
KRW 1536.095377
KWD 0.30962
KYD 0.833556
KZT 485.307724
LAK 21954.438817
LBP 89573.137575
LKR 336.229088
LRD 182.200101
LSL 16.441492
LTL 2.95274
LVL 0.60489
LYD 6.420634
MAD 9.379032
MDL 17.734997
MGA 4230.669724
MKD 54.081445
MMK 2099.450161
MNT 3580.242389
MOP 8.08004
MRU 39.918437
MUR 47.710173
MVR 15.450036
MWK 1734.46298
MXN 17.515645
MYR 4.089304
MZN 63.89854
NAD 16.441492
NGN 1378.749823
NIO 36.808525
NOK 9.913875
NPR 150.211581
NZD 1.770015
OMR 0.384494
PAB 1.000285
PEN 3.41073
PGK 4.389446
PHP 61.307995
PKR 278.373232
PLN 3.76004
PYG 6104.908659
QAR 3.645931
RON 4.597099
RSD 102.978994
RUB 77.741848
RWF 1464.86285
SAR 3.756188
SBD 8.051953
SCR 14.043416
SDG 600.000332
SEK 9.71586
SGD 1.29417
SHP 0.746601
SLE 24.795264
SLL 20969.503664
SOS 571.66663
SRD 37.319991
STD 20697.981008
STN 21.486987
SVC 8.751743
SYP 110.532098
SZL 16.431845
THB 33.380139
TJS 9.257398
TMT 3.5
TND 2.96472
TOP 2.40776
TRY 46.592504
TTD 6.797662
TWD 31.889202
TZS 2622.693046
UAH 44.895745
UGX 3671.108656
UYU 40.151731
UZS 12014.822286
VES 620.752985
VND 26300
VUV 119.950905
WST 2.785497
XAF 575.287334
XAG 0.017191
XAU 0.000247
XCD 2.70255
XCG 1.802627
XDR 0.716453
XOF 575.284811
XPF 104.593392
YER 238.625007
ZAR 16.461103
ZMK 9001.19602
ZMW 18.017813
ZWL 321.999592
  • CMSC

    -0.0410

    22.005

    -0.19%

  • RYCEF

    0.7000

    18.7

    +3.74%

  • RELX

    0.4500

    31.37

    +1.43%

  • NGG

    -0.5100

    82.91

    -0.62%

  • JRI

    0.1950

    12.775

    +1.53%

  • BCC

    0.3300

    80.09

    +0.41%

  • CMSD

    -0.1000

    21.83

    -0.46%

  • GSK

    0.4450

    52.335

    +0.85%

  • RIO

    -0.3450

    94.765

    -0.36%

  • BTI

    0.3500

    62.83

    +0.56%

  • AZN

    3.5600

    189.24

    +1.88%

  • BP

    -0.4650

    37.255

    -1.25%

  • BCE

    -0.1400

    23.06

    -0.61%

  • VOD

    0.0600

    13.92

    +0.43%

  • RBGPF

    0.0000

    61.3

    0%

China nears peak emissions as climate envoy meets US counterpart
China nears peak emissions as climate envoy meets US counterpart / Photo: © AFP

China nears peak emissions as climate envoy meets US counterpart

As climate envoys from the world's top two greenhouse gas producers meet in Beijing this week, experts say China's emissions may finally be nearing their peak.

Text size:

US climate envoy John Podesta will be looking to solidify Beijing's commitments -- which include topping out its planet-warming emissions by 2030 -- as he meets this week with counterpart Liu Zhenmin.

But with Beijing installing renewable capacity at record speed, and a construction slump dragging down emissions-heavy steel production, there are signs China could hit the peak early, though uncertainties remain.

"So much clean electricity... is being added that China can peak its emissions right now, if those additions are maintained and if overall energy demand growth moderates," said Lauri Myllyvirta of the Centre for Research on Energy and Clean Air (CREA).

China is building almost twice as much wind and solar energy capacity as every other country combined, data showed earlier this year.

That breakneck installation saw it hit a target for wind and solar capacity in August, six years ahead of schedule.

And while coal remains king in China's electricity system, there are signs the world's second-biggest economy may be weaning itself off the fossil fuel.

Coal power permits fell 83 percent in the first half of this year, and no new coal-based steelmaking projects were approved in the same period.

China is the world's top emitter and biggest consumer of coal, making its progress central to global climate goals, said Myllyvirta.

"Whether China's emissions growth continues or turns into a decline is absolutely decisive for our ability to peak global emissions and start reducing them towards net zero," he told AFP.

- 'Establishing before breaking' -

In addition to solar and wind, China's clean energy mix includes a significant amount of hydro and nuclear power.

China is the world's fastest growing nuclear power producer, according to the International Atomic Energy Agency, and last month alone approved plans for 11 new nuclear reactors.

But despite the growth in non-carbon energy sources, China's demand for coal still jumped last year, helping drive a global increase.

And coal-fired power generation is projected to grow again this year in China, albeit at the lowest rate in almost a decade, according to the International Energy Agency.

"However, there is significant uncertainty concerning the availability of hydropower and the growth in power demand," it warned.

Even as coal permits fell, construction began on more than 41 gigawatts of coal projects during the first half of 2024, CREA and Global Energy Monitor said.

That nearly equalled 2022 levels and accounts for over 90 percent of new coal construction worldwide.

The continued build-out reflects China's "cautious approach to its clean electricity transition," said Muyi Yang, senior electricity policy analyst at energy think tank Ember.

That strategy is "characterised by 'establishing before breaking', first building a robust clean electricity system before phasing down fossil fuels", Yang told AFP.

China has already seen drought hit hydropower output, something that is likely to become more frequent with climate change.

But as it builds out other renewable and non-carbon alternatives, its reliance on coal to plug gaps should decline, said Yang.

"China is fast approaching this critical juncture."

- 'Long way to go' -

There are other headwinds, including grid and market reforms, and "opposition from vested interests", warned Myllyvirta.

That could mean even massive renewable growth is insufficient to cover increasing demand.

And it remains an open question whether a peak in China's emissions would be followed by a progressive decline, or merely a plateau.

Still, the direction of travel and signals from top leadership offer cause for some optimism, analysts say.

A survey of 89 experts last year found the majority expected China to peak carbon emissions before 2030.

However, China has declined to sign a global pledge to reduce methane emissions by at least 30 percent from 2020 levels by 2030.

Podesta is expected to press his counterpart on efforts to reduce the potent greenhouse gas.

The talks may also cover ongoing rows over China's domination of green manufacturing, which has sparked tariffs from Washington and elsewhere.

"Those countries that don't want to be reliant on China for that supply still need to sort out their supply chains," Myllyvirta said.

"They have a long way to go in that respect."

M.Delgado--TFWP