Posts tagged ‘International Energy Agency’

01/04/2015

China to unveil measures to fight water pollution | Reuters

China is to launch an action plan to protect the quality of its scarce water resources after years of rapid economic growth that have left much of its water supply too polluted for human consumption or for growing food.

The plan, expected to be published this month, will require firms in heavily polluting industries such as paper mills and dye and chemical plants to treat discharged water and it will set higher penalties for those that violate rules on discharging pollutants, according to official media reports.

One third of China’s major river basins and 60 percent of its underground water are contaminated, according to official data, posing a major threat to public health and food security.

The long-awaited action plan is expected to be approved by the cabinet this month to give it legal powers to hold polluters and local authorities responsible.

“The plan will ring an alarm bell with local authorities who did little to protect water and will help to remove the regional segregation that constrained the growth of the water treatment business,” said He Yuanping, executive vice president of Originwater, a private clean water technology company.

He estimated the treatment business could be worth more than 2 trillion yuan ($323 billion) in terms of the total investment involved, including assets owned by local governments.

via China to unveil measures to fight water pollution | Reuters.

14/03/2015

China’s greener energy efforts help global carbon emissions stall after almost 40 years of gains | South China Morning Post

China burned less coal and generated more electricity from renewable sources last year, which helped halt the rise in global carbon dioxide emissions in the energy sector.

China burned less coal last year and generated more electricity from renewable sources to help halt the global rise in  carbon dioxide emissions. Photo: Reuters

Emissions of carbon dioxide were flat at 32.3 billion tonnes last year, as they were in 2013, the International Energy Agency (IEA)  reported yesterday.

It ended steady gains over the past four decades except in years with an economic downturn.

“This is both a welcome surprise and a significant one,” IEA chief economist Fatih Birol said in a statement.

“This gives me even more hope that humankind will be able to work together to combat climate change, the most important threat facing us today.”

The IEA, which is based in France, and advises governments of developed nations, said the halt in emissions growth was linked to greener patterns of energy consumption in China – the top carbon emitter ahead of the United States – and in developed nations.

“In China, [last year] saw greater generation of electricity from renewable sources, such as hydropower, solar and wind, and less burning of coal,” it said.

via China’s greener energy efforts help global carbon emissions stall after almost 40 years of gains | South China Morning Post.

21/11/2014

China Stocks Up on Oil While It’s Cheap; Tanker Companies Profit – Businessweek

With oil prices off about 30 percent since June, China is importing record amounts of crude to build up a strategic reserve. Cheap fuel is giving tanker companies their best profits in years.

via China Stocks Up on Oil While It’s Cheap; Tanker Companies Profit – Businessweek.

23/11/2013

Green China? It Leads the World in Adding Renewable Electricity – Businessweek

China has earned a reputation as the world’s worst polluter. But if the International Energy Agency is right, the Asian nation is on course to set an example for the rest of the planet on the use of energy from renewable sources over the next quarter-century.

Power lines transmit electricity generated by the Three Gorges Hydropower Station at the Three Gorges Dam in Yichang, China, on July 22

According to the Paris-based agency’s World Energy Outlook, China will add more electricity generating capacity from renewable sources by 2035 than the U.S., Europe, and Japan combined. Hydro power and wind power will be the two main sources of China’s renewably sourced electricity, with solar photovoltaic cells coming in a distant third, according to the agency’s forecast. (Sorry, no link to the outlook: The IEA charges €120 ($162) for a paper copy.)

China is predicted to add more electricity generating capacity from renewable sources by 2035 than the U.S., Europe, and Japan combined.

These forecasts for China are from the agency’s central scenario, which assumes “cautious” implementation of policies that have been announced by governments but not put into effect as of mid-2013. The agency has two other scenarios, one assuming no new policies are enacted and another assuming drastic action against global warming that gives the world “a 50 percent chance of keeping to 2 degrees Celsius the long-term increase in average global temperature.”

From everything we’ve read in recent years about China’s insatiable thirst for energy, you might think the world’s No. 2 economy is going even bigger into coal than renewables, but that’s not the case, at least according to the IEA. The agency predicts that China’s share of global coal consumption will actually shrink a bit from 2011 to 2035.

China’s leadership has made energy a top priority. In 2011, the nation’s 12th Five-Year Plan set a goal of reducing energy consumption per unit of gross domestic product by 16 percent in the five years through 2015.

via Green China? It Leads the World in Adding Renewable Electricity – Businessweek.

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

25/05/2012

* China to Spend $27 Billion on Emission Cuts, Renewables

Scientific American: “China’s central government plans to spend 170 billion yuan ($27 billion) this year to promote energy conservation, emission reductions and renewable energy, the Ministry of Finance said in a statement on its website on Thursday.

The ministry said China plans to promote more use of energy-saving products and low or no-emission power generation such as solar and wind. It also wants to accelerate the development of renewable energy, as well as energy-saving technologies, such as electric and hybrid cars.

China is the worlds biggest emitter of carbon dioxide CO2, followed by the United States. A report by the International Energy Agency IEA on Thursday said China spurred a jump in global CO2 emissions to their highest ever recorded level in 2011, offsetting falls in the United States and Europe.

However, its CO2 emissions per unit of GDP, or its carbon intensity, fell by 15 percent between 2005 and 2011, the IEA said, suggesting the world’s second-largest economy was finding less carbon-consuming ways to fuel growth.

Longer term, China is targeting cuts to its 2020 greenhouse gas emissions by 40-45 percent compared with 2003 levels and aims to boost its use of renewable energy to 15 percent of overall energy consumption.”

via China to Spend $27 Billion on Emission Cuts, Renewables: Scientific American.

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