China
Date: 2022-02-28
In Beijing, China's National Bureau of Statistics (NBS) reports China, the world's biggest coal burner and greenhouse gas emitter, recorded its biggest increase in total energy consumption and coal use in a decade in 2021.

China, used 5.24 billion tonnes of standard coal equivalent of energy in 2021, up 5.2 pct from 2020, the highest growth rate since 2011. China's energy consumption jumped 4.6 pct in 2021, also the highest rate of growth in a decade.

Beijing previously pledged to restrict construction in high energy-consuming industries and has urged companies to save energy and boost efficiency, with soaring fossil fuel use undermining plans to cut carbon emissions. (Source; China National Bureau of Statistics, Reuters, 28 Feb., 2022)

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Sinopec
Date: 2022-01-31
In Beijing, China's largest oil distiller and petrochemicals producer, China Petroleum & Chemical Corporation (Sinopec) reports it has completed construction of the Qilu-Shengli Oilfield carbon capture, utilization, and storage (CCUS) project -- the country's first megaton CCUS project.

The facility will reduce carbon emission by 1 million tpy -- the equivalent to planting nearly 9 million trees and eliminating 600,000 economy cars. The captured and stored CO2 will be used for enhanced oil well production.

Sinopec notes that its low partial pressure carbon dioxide capture technology has been successfully applied in more than 50 units of devices across 16 provinces and cities in China, capturing more than 200,000 tpy of carbon dioxide .

China is aiming for peak carbon emissions by 2030 and carbon neutrality by 2060. (Source: Sinopec, PR, Jan., 2022) Contact: Sinopec, www.sinopecgroup.com

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China
Date: 2021-12-29
In Beijing, the China Ministry of Industry and Information Technology is reporting China's commitment to peak its carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060 is both national and regional in character.

The Ministry notes various levels of government are adopting low-carbon policies for green zero-carbon and zero-emission clean energy heating, increased energy efficiency, decreased use of fossil fuels and increased use of renewable energy, carbon capture and storage (CCS), green and low-carbon logistics and infrastructure and other initiatives tailored to local conditions and industries which are exploring their own green development paths to achieve climate goals. (Source: China Ministry of Industry and Information Technology, Xinhua, 29 Dec., 2021) Contact: China Ministry of Industry and Information Technology, http://english.www.gov.cn/state_council/2014/08/23/content_281474983035940.htm

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China Carbon Emissions
Date: 2021-11-26
In Beijing, the independent Centre for Research on Energy and Clean Air (CREA) is reporting the world's largest GHG emitter and second biggest economy has vowed to peak emissions before 2030 and achieve carbon neutrality by 2060 -- but authorities have struggled to cut the country's dependence on fossil fuels.

China´s emissions fell dramatically in early 2020 due to COVID quarantines then rebounded to higher than 2019 monthly levels as cities and factories reopened. But in Q3 this year the country recorded a 0.5 pct year-on-year decline in emissions from fossil fuels and cement -- the first quarterly fall since the post-lockdown rebound.

The decline was caused by a construction slump after Beijing cracked down on speculation and debt in the real estate sector, as well as high coal prices that resulted in power rationing across the country. "The drop in emissions could mark a turning point and an early peak in China's emissions total, years ahead of its target to peak before 2030, according to CREA. (Source: International News, CREA, AFP, 26 Nov., 2021) Contact: Centre for Research on Energy and Clean Air (CREA), www.energyandcleanair.org

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China Carbon Emissions
Date: 2021-11-22
In Beijing, the China National Energy Administration is reporting China's accumulative installed capacity for renewable energy grew to i billion kilowatts as of the end of October, this year, doubling that in the end of 2015, and now accounts for 43.5 pct of the country's total installed power generation capacity, up 10.2 percentage points over the end of 2015.

China's installed capacity of hydropower, wind power, solar power and biomass power generation have reached 385 million kilowatts, 299 million kilowatts, 282 million kilowatts and 35.34 million kilowatts respectively, ranking China first in the world in renewable energy and carbon emissions. China has vowed to reach carbon neutrality by 2060. (Source: China National Energy Administration , Website Release, Nov., 2021) Contact: China National Energy Administration,english.www.gov.cn/state_council/2014/10/01/content_281474991089761.htm

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China Carbon Emissions
Date: 2021-10-01
In Beijing, the China Council for the Promotion of International Trade (CCPIT) -- China's national foreign trade and investment promotion agency -- is projecting that the cost of China's pledge to decarbonize its economic activities and to reach peak carbon emissions in 2030 and carbon neutrality in 2060 will come in at $21.3 trillion -- almost equal to the present US national debt which stands at $28.8 trillion.

According to CCPIT VP Zhang Shaogang, "the investment will be needed to adopt new technology and build facilities for a lower-carbon future, and to retool existing fossil fuel sites with carbon capture and storage facilities." Much of the investment will come from financial institutions and "social capital" in which carbon trading will play a key role.

As previously reported, the China Development Bank has committed roughly $78 billion in loans to finance green energy projects over the next five years. (Source: China Council for the Promotion of International Trade, Sept.,2021) Contact: the China Council for the Promotion of International Trade, www.english.ccpitbj.org

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China Carbon Emissions
Date: 2021-10-01
"(China's) Carbon neutrality will need huge investment for research and development, as 60 pct of the technology is still in the conceptual stage." -- Zhang Shaogang, VP, China Council for the Promotion of International Trade (CCPIT)Sept., 2021)

China is the world's largest carbon-emitting country with 10 billion tpy of carbon emissions accounting for 30 pct of the world's total emissions. Industry, energy, construction and transportation account for 90 pct of the country's total carbon emissions.

In 2020, fossil fuels accounted for 84.3 pct of China's total energy consumption mix. Beijing is aiming to gradually replace coal which is expected to account for 43 pct of energy consumption by 2035, followed by oil and gas contributing 32 pct and renewable energy accounting for 25 pct.

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China Carbon Emissions
Date: 2021-09-15
"(China's) Carbon neutrality will need huge investment for research and development, as 60 pct of the technology is still in the conceptual stage." -- Zhang Shaogang, VP, China Council for the Promotion of International Trade, Sept., 2021)

China is the world's largest carbon-emitting country with 10 billion tpy of carbon emissions accounting for 30 pct of the world's total emissions. Industry, energy, construction and transportation account for 90 pct of the country's total carbon emissions.

In 2020, fossil fuels accounted for 84.3 pct of China's total energy consumption mix. Beijing is aiming to gradually replace coal which is expected to account for 43 pct of energy consumption by 2035, followed by oil and gas contributing 32 pct and renewable energy accounting for 25 pct.

Beijing has pledged China will reach peak carbon emissions in 2030 and become carbon neutral in 2060 at an estimated cost in excess of $21.3 trillion. (Source: China Council for the Promotion of International Trade, Sept., 2021)

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China Carbon Emissions
Date: 2021-08-27
The Manbang Group, China's leading domestic freight service platform, reports it has turned to internet and "big-data" digital technology to help reduce carbon emissions.

With the intelligent recommendations of big data, the Manbang Group helps truck drivers find goods quickly and reduces empty-load rates and fuel consumption, reducing carbon emissions by an estimated 330,000 tonnes in 2020, the company said.

According to the Manbang Group release, Chinese transport sector carbon emissions account for about 10 pct of the country's total carbon emissions, with 80 pct of the total emissions from the road freight transport. The Manbang Group serves roughly 20 pct of the country's trucking with businesses in more than 300 Chinese cities. (Source: Manbang Group, Xinhua, 25 Aug., 2021)

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China Greenhouse Gas,OECD
Date: 2021-05-10
According to new research from the New York City-based Rhodium Group, China's heat-trapping, greenhouse gas emissions -- carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulphur hexafluoride (SF6), and nitrogen triflouride (NF3) -- totaled 14.09 billion tons of CO2 equivalent in 2019, more than the Organization for Economic Cooperation and Development (OECD) 37 member nations emissions combined.

China accounted for 27 pct of global emissions followed by the U.S, with 11 pct with India in third place with 6.6 pct. Historically, OECD members have pumped four times more greenhouse gases into the atmosphere than China since 1750. (Source: Rhodium Group, Bloomberg, May, 2021) Contact: Rhodium Group, 212.532.1157, 212.532.1162 -- fax, nyc@rhg.com, www.rhg.com: OECD, www.oecd.org

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China Carbon Emissions
Date: 2020-09-25
On September 22nd, China's leader Xi Jinping announced that in addition to halting the rise of its carbon emissions by 2030 China would also "strive for carbon neutrality by 2060" achieve a balance between carbon emissions and carbon reduction both technological and natural.

To that end, China needs to descend from its emissions peak fsster than any other major economy has pledged or succeeded in doing. (Source: Various Media, Economist, 24 Sept., 2020)

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China Carbon Emissions
Date: 2020-06-19
According to BP's Statistical Review of World Energy, China's CO2 emissions increased by 3.4 pct in 2019, higher than the ten-year average growth rate of 2.6 pct and the highest growth rate of Chinese emissions since 2011.

Chinese CO2 emissions accounted for the single largest share of global carbon emissions in 2019 at 28.8 pct. The country was also the key driver of energy consumption growth in 2019 when global growth slowed to 1.3 pct from 2.8 pct energy demand growth in 2018, according to the BP report. (Source: BP, Oil Price, 17 June, 2020)

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Bloomberg NEF
Date: 2019-07-15
According to Bloomberg New Energy Finance (NEF), Bloomberg's primary research service on energy, China's power sector carbon emissions will peak in 2027, down to 79 pct of that in 2005 by around 2030 to easily fulfill fulfilling the sector's carbon reduction commitments within the Paris Climate Agreement.

In 2050, carbon emission intensity or energy expenditure per unit of GDP in China's power sector, will decline to 5 pct of that in 2005, the Bloomberg report says. (Source: Bloomberg, China Daily, 10 July, 2019)

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