China’s at Risk of Missing All Its Major Energy and Climate Goals for 2025
(Bloomberg) -- China is at risk of missing all of its major energy and climate goals for 2025 after leaning on heavy industry and facing adverse weather last year.
Carbon emissions from the power sector jumped 5.2% in 2023 as lower rainfall and strong electricity demand required more coal burning, the Centre for Research on Energy and Clean Air said in a report published in Carbon Brief.
The country will now need even sharper pollution cuts to be able to reduce emissions per unit of gross domestic product by 18% through 2025, as pledged in its 14th five-year plan. The world’s largest polluter is also at risk of missing other targets, including reducing energy intensity, limiting the growth of coal power and boosting the share of clean electricity in the grid, said Lauri Myllyvirta, CREA’s lead analyst.
The good news is that China could still meet some of its 2025 goals and even hit peak emissions long before its 2030 target if “the momentum of clean energy installations is maintained,” Myllyvirta said. Last year the country installed record amounts of new wind and solar plants, and hydropower is picking up after the end of a historic drought.
Ironically, clean energy expansion may have played a small part in last year’s carbon growth, adding 1 percentage point to the total due to the energy required to manufacture batteries and solar panels at scale. Of course, they will deliver significant emissions reduction in the long run, Myllyvirta said.
The Chinese government recognizes it lags behind its climate goals. National Energy Administration Director Zhang Jianhua blamed the struggles on recent increase in demand, equivalent to adding a new UK every year to China’s energy consumption. Still, the country needs to urgently improve energy efficiency in order to meet its intensity goals, he said Sunday in a commentary in the official newspaper of the National Committee of the Chinese People’s Political Consultative Conference.
©2024 Bloomberg L.P.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More renewables news
![BloomburgMedia_SH4TS0T0G1KW00_25-07-2024_20-00-09_638574624000000000.jpg](/media/xphbvafj/bloomburgmedia_sh4ts0t0g1kw00_25-07-2024_20-00-09_638574624000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133664112097930000&format=webp)
UK Crown Estate Partners With GB Energy to Expand Wind Power
![BloomburgMedia_SH40SLT0G1KW00_25-07-2024_09-26-50_638574624000000000.jpg](/media/orol425i/bloomburgmedia_sh40slt0g1kw00_25-07-2024_09-26-50_638574624000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133663732110870000&format=webp)
Vessel Firm’s $700 Million Takeover Targets Wind’s Ship Shortage
![Nordex](/media/d0gf3pte/nordex.jpg?anchor=center&mode=crop&width=240&height=135&rnd=132749588018400000&format=webp)
Nordex Group upgrades guidance after strong H1 2024 performance with 25% sales increase
![Totalenergies (5)](/media/2jrkcvan/totalenergies.jpg?anchor=center&mode=crop&width=240&height=135&rnd=132942325437870000&format=webp)
TotalEnergies launches new 100 MW/200 MWh battery storage development in Germany
![Totalenergies](/media/41ojyade/totalenergies.jpg?anchor=center&mode=crop&width=240&height=135&rnd=132881916816700000&format=webp)
TotalEnergies acquires a stake in the OranjeWind offshore wind farm in the Netherlands
![Battery Storage (1)](/media/bedjsnil/battery-storage.jpg?anchor=center&mode=crop&width=240&height=135&rnd=132953656215970000&format=webp)
EWEC issues request for proposals for the development of 400MW battery energy storage system
![BloomburgMedia_SGH4U3T0AFB400_24-07-2024_20-00-09_638573760000000000.jpg](/media/4zujntna/bloomburgmedia_sgh4u3t0afb400_24-07-2024_20-00-09_638573760000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133663248098100000&format=webp)
Refining Woes Hit Big Oil as Pressure Rises on Investor Returns
![Hydrogen Image (1)](/media/ouhfwhgg/hydrogen-image-1.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133093644996330000&format=webp)
EnBW to invest €1 billion in national hydrogen core network in Germany
![BloomburgMedia_SH2XDFT0AFB400_24-07-2024_09-00-10_638573760000000000.jpg](/media/jmmhvoyf/bloomburgmedia_sh2xdft0afb400_24-07-2024_09-00-10_638573760000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133662852101070000&format=webp)
GE Vernova Now Must Explain Broken Wind Turbine to Investors
![BloomburgMedia_SGTQ8GDWX2PS00_23-07-2024_20-00-09_638572896000000000.jpg](/media/obyb3qfl/bloomburgmedia_sgtq8gdwx2ps00_23-07-2024_20-00-09_638572896000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133662384097370000&format=webp)
SunPower Plunges After Halting Installs and Shipments
![CSIS Thumbnail](/media/o0acqjyg/csis_thumbnail.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133566075809700000&format=webp)
CSIS: long-term LNG demand to reshape global export capacity growth
![Dr Carole Nakhle Thumbnail](/media/gqrpjths/dr-carole-nakhle_thumbnail.png?anchor=center&mode=crop&width=540&height=300&rnd=133542056370600000&format=webp)
More women in energy vital to the industry’s success
![Vandana Hari Thumbnail](/media/gz3dyktl/vandana-hari-thumbnail.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133511540022930000&format=webp)
India’s energy sector presents lucrative opportunities for global companies
![OIL INDIA Thumbnail (1)](/media/oddlww2x/oil-india-thumbnail-1.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133506537128730000&format=webp)
Oil India charts the course to ambitious energy growth
![DNV Thumbnail](/media/chkphnjn/dnv-thumbnail.png?anchor=center&mode=crop&width=540&height=300&rnd=133491856590700000&format=webp)
Maritime sector is stepping up to the challenges of decarbonisation
Partner content
![Navigating the trading seas: exploring the significance of benchmarks-1859882229](/media/qlacaiww/navigating-the-trading-seas-exploring-the-significance-of-benchmarks-1859882229.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133613577584600000&format=webp)
Navigating the trading seas: exploring the significance of benchmarks
![New Lng Ship Web 17829](/media/vjrjyypa/new-lng-ship-web-17829.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133179936218300000&format=webp)
Back to the Future(s): the best commodities benchmarks are still physically settled
![Dr Klaus](/media/4eyh2dr0/dr-klaus.jpg?center=0.3953747239980292,0.50683017007953435&mode=crop&width=540&height=300&rnd=133517897092430000&format=webp)
Ebara Elliott Energy offers a range of products for a sustainable energy economy
![ESSAR](/media/5uafghtj/essar.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133524466961070000&format=webp)
Essar outlines how its CBM contribution is bolstering for India’s energy landscape
![HNC 7611 V2](/media/0dqbya15/hnc_7611_v2.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133517899616530000&format=webp)