Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Energy

China adds coal power despite climate pledge: report

China is the world’s biggest emitter of greenhouse gases, and still relies heavily on polluting coal for its growing energy needs © AFP/File / GREG BAKER

Beijing, China, Nov 20 – China plans to add new coal power plants equivalent to all of the EU’s current generating capacity, putting the world’s biggest emitter out of sync with its commitments to combat climate change, researchers said Wednesday.

China built enough new plants between January 2018 and June 2019 — nearly 43 gigawatts worth of capacity — to cancel out the decrease in the rest of the world, said the US-based Global Energy Monitor.

Researchers warned that an increase in China’s coal power capacity was incompatible with keeping global warming “well below” 2 degrees celsius, a key commitment of the 2015 Paris Agreement on Climate Change which China is a party to.

Another 147.7 gigawatts of coal plants in the country are currently under construction or likely to be reopened, nearly as many as the entire European Union’s 150 gigawatts of existing capacity, the report said.

The plants would take China’s total coal power plant capacity to 1174.7 gigawatts.

The report attributed China’s coal expansion to a two year period in which provincial governments rapidly approved projects as part of an effort to boost regional growth.

An ongoing economic slowdown could further weaken China’s resolve to switch to renewables despite the central government’s calls in recent years to slow the development of coal plants.

“There is a risk that Chinese leaders will feel the need to continue supporting coal-intensive industries and make climate concerns second to continued economic growth,” Christine Shearer, a director at Global Energy Monitor, told AFP.

China’s efforts against climate change are key as it is the world’s biggest emitter of greenhouse gases.

The International Energy Agency said last week that current energy policies around the world could result in a situation where “hundreds of millions of people still go without access to electricity… and where CO2 emissions would lock in severe impacts from climate change.”

Advertisement. Scroll to continue reading.

Within China, continued expansion of coal capacity could cause a “further worsening of the coal power overcapacity problem in China, and financial distress for power companies,” Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air, told AFP.

“This will complicate China’s transition to clean energy by creating an incentive for the power industry to slow down expansion of clean energy and saddling the industry with debt at a time when they should be investing in an energy transition,” Myllyvirta said.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...