China’s Carbon Dioxide Emissions may stall in 2015
Carbon dioxide emissions of China could stall this year as the East Asian country has installedmore clean energy capacity to deal with climate change. New estimate by Bloomberg New Energy Finance predicted that CO2 emissions in China may rise just 0.24% this year from last year. This will be theslowest pace in last about 15 years, as per the estimate.
The new estimate is based on data from government customs reports on coal consumption. It also included data from port inventories and company production filings. It is estimated that use of coal in the country may drop by about 0.59% in 2015.
Lin Boqiang, director of the Energy Economics Research Center at Xiamen University, said theeconomic slowdown has played a vital role in controlling CO2 emissions temporarily in the country. Adding to that, government has made significant efforts to curb emissions, he added.
Recent efforts of China, the biggest carbon emitter in the world, have proved the country is taking carbon dioxide emissions seriously. Currently, it is using clean energy sources like wind, nuclear power and wind in spite of using coal. Soon,President Xi Jinping will attend global climate talks in Paris, where at least 130government heads, including United States President BarackObama, will discuss future plans to deal with climate change.
Earlier, China promised to cap CO2 emissions by 2030 and cut carbon intensity by about two-third from 2005 levels. Sophie Lu from Bloomberg New Energy Finance said, “The structural change of China’s economy is happening faster than people anticipated”.
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