The China Mail - China backpedals on climate promises as economy slows

USD -
AED 3.672501
AFN 66.087001
ALL 81.825228
AMD 381.17665
ANG 1.790403
AOA 917.000047
ARS 1450.506201
AUD 1.490069
AWG 1.80025
AZN 1.691881
BAM 1.656664
BBD 2.012426
BDT 122.094082
BGN 1.658541
BHD 0.377131
BIF 2947.99524
BMD 1
BND 1.283877
BOB 6.928886
BRL 5.520305
BSD 0.999183
BTN 89.619713
BWP 13.15133
BYN 2.898742
BYR 19600
BZD 2.009546
CAD 1.367595
CDF 2199.999946
CHF 0.786685
CLF 0.023109
CLP 906.570145
CNY 7.028497
CNH 7.002765
COP 3756.08
CRC 494.085459
CUC 1
CUP 26.5
CVE 93.400985
CZK 20.57965
DJF 177.923282
DKK 6.330599
DOP 62.351501
DZD 129.605982
EGP 47.588699
ERN 15
ETB 155.671225
EUR 0.84755
FJD 2.269202
FKP 0.741553
GBP 0.739565
GEL 2.684962
GGP 0.741553
GHS 11.315768
GIP 0.741553
GMD 74.496482
GNF 8732.259554
GTQ 7.654874
GYD 209.035504
HKD 7.775965
HNL 26.337389
HRK 6.387298
HTG 130.93786
HUF 329.974495
IDR 16758
ILS 3.183065
IMP 0.741553
INR 89.772001
IQD 1308.864823
IRR 42124.99997
ISK 125.439868
JEP 0.741553
JMD 159.779428
JOD 0.709029
JPY 155.741022
KES 129.000193
KGS 87.449841
KHR 4004.015027
KMF 417.9998
KPW 900.017709
KRW 1446.884986
KWD 0.30716
KYD 0.832652
KZT 508.976634
LAK 21642.315674
LBP 89468.428408
LKR 309.301055
LRD 176.849024
LSL 16.677678
LTL 2.95274
LVL 0.60489
LYD 5.406733
MAD 9.113179
MDL 16.814467
MGA 4562.222326
MKD 52.201682
MMK 2099.828827
MNT 3555.150915
MOP 8.004642
MRU 39.846175
MUR 45.96974
MVR 15.450071
MWK 1732.560257
MXN 17.893805
MYR 4.046498
MZN 63.910217
NAD 16.678878
NGN 1453.770222
NIO 36.770529
NOK 9.999015
NPR 143.390665
NZD 1.71076
OMR 0.384502
PAB 0.999183
PEN 3.363135
PGK 4.313189
PHP 58.710963
PKR 279.890137
PLN 3.57455
PYG 6807.757303
QAR 3.652011
RON 4.313903
RSD 99.516967
RUB 78.254999
RWF 1455.320122
SAR 3.750795
SBD 8.153391
SCR 13.90436
SDG 601.508345
SEK 9.1473
SGD 1.283165
SHP 0.750259
SLE 24.074983
SLL 20969.503664
SOS 569.981323
SRD 38.320117
STD 20697.981008
STN 20.752775
SVC 8.742424
SYP 11056.879194
SZL 16.676761
THB 31.018943
TJS 9.192371
TMT 3.51
TND 2.915832
TOP 2.40776
TRY 42.849702
TTD 6.796746
TWD 31.407985
TZS 2465.947027
UAH 42.073075
UGX 3610.135825
UYU 39.024018
UZS 12045.08011
VES 288.088835
VND 26311
VUV 121.140543
WST 2.788621
XAF 555.62972
XAG 0.013943
XAU 0.000223
XCD 2.70255
XCG 1.800748
XDR 0.691025
XOF 555.62972
XPF 101.019427
YER 238.449968
ZAR 16.66918
ZMK 9001.199443
ZMW 22.580713
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RYCEF

    0.2000

    15.56

    +1.29%

  • CMSC

    -0.1100

    23.01

    -0.48%

  • RBGPF

    1.0400

    81.26

    +1.28%

  • NGG

    0.8300

    77.24

    +1.07%

  • RIO

    0.8700

    80.97

    +1.07%

  • RELX

    0.1500

    41.13

    +0.36%

  • GSK

    0.2600

    48.85

    +0.53%

  • VOD

    0.1800

    13.06

    +1.38%

  • CMSD

    -0.1800

    23.02

    -0.78%

  • BCE

    0.0000

    22.73

    0%

  • JRI

    0.0400

    13.41

    +0.3%

  • BCC

    -1.0000

    73.23

    -1.37%

  • AZN

    0.5900

    92.14

    +0.64%

  • BTI

    0.2700

    57.04

    +0.47%

  • BP

    0.4400

    34.58

    +1.27%

China backpedals on climate promises as economy slows
China backpedals on climate promises as economy slows

China backpedals on climate promises as economy slows

When China's President Xi Jinping issued his traditional Lunar New Year wishes from the country's coal heartland in January, the subtext was clear: Beijing is not ready to kick its coal addiction, despite promises to slash emissions.

Text size:

The ink had barely dried on the hard-fought deal struck at last year's United Nations climate conference in Glasgow when Beijing's backslide on pledges began.

The country's central economic planner has watered down a roadmap to slash emissions, greenlighted giant coal-fired power plants, and told mines to produce "as much coal as possible" after power shortages paralysed swathes of the economy last year.

Environmentalists are concerned this would mean China would continue to pollute beyond the 2030 deadline by which it has promised to have reached peak emissions.

Xi's trip to mining towns in Shanxi –- China's biggest coal producing province -- saw him making crispy noodle snacks with families "recently lifted out of poverty".

"We are not pursuing carbon neutrality because others are forcing us, it's something we must do. But it can't be rushed," he said later, while inspecting a thermal power plant.

"We can't delay action, but we must find the right rhythm."

Days earlier, Xi told Communist Party officials in Beijing that low-carbon goals should not come at the expense of "normal life" -- a major change in rhetoric from his 2020 announcement at a UN assembly that China would be carbon neutral by 2060.

- Dependent on coal -

The Glasgow pact encourages countries to slash their emissions targets, with the aim of limiting warming to well below 2 degrees Celsius (36 degrees Fahrenheit) ideally to 1.5 degrees.

Experts have warned that global emissions must be halved within a decade to have a chance of achieving that goal.

A report issued by the UN's climate science advisors on Monday said that warming beyond 1.5C would wreak permanent damage to the planet and that nearly half the world's population is already "highly vulnerable" to the accelerating impacts of climate change.

"The world's biggest polluters are guilty of arson of our only home," UN chief Antonio Guterres said in response to this most compelling scientific overview of climate change impacts to date.

China generates an estimated 29 percent of the world's greenhouse gas emissions -- double the US share and three times that of the European Union.

Environmentalists had hoped that post-Glasgow, Beijing might announce a maximum carbon cap for the whole country but Li Shuo, a campaigner for Greenpeace China, told AFP that is now "off the table".

Policymakers in Beijing have long walked a tightrope balancing climate objectives with domestic growth.

Beijing has pledged to curb coal consumption after 2025 -- but last year, half of China's economy was fuelled by it.

Now as growth slows, authorities are resorting to an old formula of propping up smokestack industries to juice the economy.

In late 2021 China began construction on 33 gigawatts of coal-fired power plants -- the most since 2016 -- that will emit as much carbon dioxide annually as Florida, according to data from Global Energy Monitor.

Even more new plants are being built in the first few months of 2022 as well, all of which can operate for 40 years on average.

- 'Ambition in jeopardy' -

During the Glasgow talks the Chinese delegation -- like many others -- promised a detailed roadmap to peak emissions for different industries and regions over the next decade.

Existing guidelines issued just before the talks only include vague targets for increasing energy efficiency and say renewables will supply a quarter of China's electricity by 2030.

They have not yet been updated.

This "suggests that the politics are tough, ambition is in jeopardy, and the regulators are reserving as much wiggle room (to pollute) as possible for the next few years," Greenpeace's Li said.

Earlier last month, Beijing pushed back the deadline for slashing emissions from the steel sector -- China's biggest carbon emitter -- five years to 2030.

"Steel and cement need to peak earlier than the country as a whole to ensure China's targets are on track," said Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air.

Meanwhile, China's investments in overseas oil and gas projects tripled to $10.9 billion last year, according to a Fudan University report in January.

- Renewable bottlenecks -

Another of China's key pledges -- to increase wind and solar capacity to three times the current level over the next decade -- has been blown off-course as well by supply chain disruptions and soaring raw material costs.

The price of polysilicon, used to make solar panels, jumped 174 percent in December from the previous year.

Analysts fear more fossil fuels will be burnt to meet China's growing energy needs as the rollout of renewables slows.

"The political signals are much more cautious (than before), saying the transition will be slow, and coal would remain a mainstay of China's energy supply for a long time," said Myllyvirta.

D.Wang--ThChM