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A Cleaner Future For China Lays Ahead

Coal’s dominant share of China’s power capacity is set to be slowly eroded over the next twenty years, thanks primarily to the growth of the country’s renewable sector, in particular large hydro, which is set to account for more than half of new power plants before 2030. And while China’s power capacity is expected to more than double by 2030, estimations suggest it’s carbon emissions could be in decline by 2027.

These findings are part of a new report released by Bloomberg New Energy Finance (BNEF), entitled ‘The Future of China’s Power Sector: From centralised and coal powered to distributed and renewable?’

BNEF expect an additional 88 GW of new power plants annually from now until 2030, which would be the equivalent of building the United Kingdom’s total generating capacity once a year. Unsurprisingly, China is currently the world’s largest power generator (and subsequently, the world’s largest carbon emitter), and could end up installing 1,500 GW of new generating capacity over the next two decades, and investing more than $3.9 trillion in power sector assets. However, and happily, because of China’s focus on renewable energy, their total power sector emissions could start declining in 2027.

“China has started to change course towards a cleaner future,” said Jun Ying, country manager and head of research for China at Bloomberg New Energy Finance. ”But despite significant progress in renewable energy deployment, coal looks set to remain dominant to 2030. More support for renewable energy, natural gas and energy efficiency will be needed if China wants to reduce its reliance on coal more quickly.”
More cleantechnica.com

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