Posts tagged ‘Carbon Trading’

17/06/2014

China battles to be first ecological civilisation – environment – 13 June 2014 – New Scientist

SO YOU want to live in a country that is guided by a philosophy of “ecological civilisation”, run by people with the vision to implement policies that will benefit their children even if it costs more in the short term? Move to China.

Easing off coal

Not convinced? Last week, news circulated that China is considering limiting its greenhouse gas emissions so that they peak in 2030, followed by an orchestrated fall.

It was one man’s view, expressed at a Beijing conference, not an official announcement. But He Jiankun is chairman of China’s Advisory Committee on Climate Change, and his words are in line with actions China is now taking to address global warming.

“China is already doing a lot,” says Fergus Green of the London School of Economics. “They are probably making the most progress of any country, given that they are starting from a position that is far more challenging.”

“Things are changing very, very fast,” says Changhua Wu of The Climate Group think tank in Beijing.

To be clear, China is still the biggest emitter of carbon dioxide. Cities like Beijing are plagued by smog, and efforts to clean them up may just move the pollution elsewhere. But there is a huge push for change.

Water scarcity and awareness that China will suffer from global warming are factors, but it is health concerns that loom large. The air in many cities is dangerous to breathe, the water is toxic and there are often food health scares. “People are fed up,” says Wu.

Premier Li Keqiang has declared a “war on pollution”. His leadership has drawn up a philosophical framework called ecological civilisation. It aims to “bring everything back to the relationship between man and nature”, says Wu, and is driving major changes.

Prompted by the idea that used resources must be paid for, China has launched carbon trading schemes in six areas. There, companies must pay to pollute, and abide by a cap on overall emissions. A seventh scheme should start within weeks. They will form the world’s second largest carbon trading scheme, after Europe’s. A national programme should begin this decade.

China has set targets to make more wealth using less energy and it is on course to meet them. It contributes one-fifth of global investment in renewables, more than any other nation, has more installed wind power than anywhere else and in 2013 doubled its solar capacity.

The smog is turning people off dirty power. Construction of coal-fired power stations peaked in 2007 (see graph), and smaller power stations are being switched off. According to the London-based think tank Carbon Tracker, 10 out of 30 provinces have cut their coal use, and wind capacity is growing twice as fast as coal. “The coal-fired power plants that China is building are some of the most high-tech and efficient available,” says Carbon Tracker’s Luke Sussams. There are also schemes in place to make people who pollute water pay those who suffer as a result.

Environmentalists have pushed policies like these for years. But while Western nations debate them, China is testing them and rolling out those that work.

via China battles to be first ecological civilisation – environment – 13 June 2014 – New Scientist.

25/11/2013

China to launch two new carbon trading exchanges | Reuters

China will launch two new pilot carbon trading schemes this week in Beijing and Shanghai as it strives to cut soaring rates of greenhouse gas, reduce choking smog and determine the best system for a nationwide roll-out.

China, the world\’s biggest source of climate-changing carbon emissions, is under domestic pressure from its population to counter air pollution and has pledged to cut the 2005 rate of CO2 emissions per unit of GDP growth by 40-45 percent by 2020.

As U.N.-led climate talks stumbled in Warsaw last week, the country\’s chief negotiator Xie Zhenhua was keen to push the country\’s CO2 cutting credentials, challenging developed nations to match the efforts being made by China to tackle global warming.

The new platforms, which will force industrial firms to buy credits to cover any CO2 they emit above allocated quotas, also underscore Beijing\’s commitment to \”market mechanisms\” to slow emissions growth, in line with an ambitious raft of reforms outlined earlier this month.

\”It is definitely a move in the right direction, but there are concerns about activity — these are pilot schemes and are used as a learning experience, and local governments might not be particularly concerned by volumes,\” said Shawn He, a climate lawyer with the Hualian legal practice in Beijing.

Trading is likely to start slowly as the government treads cautiously and tries to learn lessons from Europe, where an excess of credits has left carbon prices in the doldrums.

Hualian\’s He said there were concerns how effective the pilot schemes would be, as no binding carbon caps would be imposed on enterprises and there were no legal means of forcing them to participate.

via China to launch two new carbon trading exchanges | Reuters.

31/07/2013

China to invest $375 billion on energy conservation, pollution: paper

Reuters: “China plans to invest 2.3 trillion yuan ($375 billion) in energy saving and emission-reduction projects in the five years through 2015 to clean up its environment, the China Daily newspaper reported on Wednesday, citing a senior government official.

The plan, which has been approved by the State Council, is on top of a 1.85 trillion yuan investment in the renewable energy sector, underscoring the government’s concerns about addressing a key source of social discontent.

China has set a target of reducing its carbon emissions per unit of GDP by 40-45 percent by 2020 from the 2005 level, and raising non-fossil energy consumption to 15 percent of its energy mix, Xie Zhenhua, deputy director of the National Development and Reform Commission (NDRC), was quoted as saying.

As part of broader plans to curb pollution, the government will also roll out tiered power pricing for eight energy intensive industries, while sectors that struggle with overcapacity will face higher power tariffs, Xie said.

The government will also gradually expand a carbon trading pilot program to more cities starting from 2015, with the aim of creating a national market, he said.

Seven cities and provinces, including Shanghai, were ordered by the NDRC in late 2011 to set up regional carbon trading markets.”

via China to invest $375 billion on energy conservation, pollution: paper | Reuters.

See also: https://chindia-alert.org/economic-factors/greening-of-china/

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