The China Mail - China's 2024 coal projects threaten climate goals: report

USD -
AED 3.673042
AFN 70.503991
ALL 85.403989
AMD 383.550403
ANG 1.789699
AOA 917.000367
ARS 1354.222596
AUD 1.54585
AWG 1.8025
AZN 1.70397
BAM 1.713247
BBD 2.018439
BDT 122.209083
BGN 1.688945
BHD 0.374962
BIF 2942.5
BMD 1
BND 1.298031
BOB 6.908
BRL 5.541704
BSD 0.999759
BTN 87.434466
BWP 13.715262
BYN 3.271533
BYR 19600
BZD 2.008103
CAD 1.38005
CDF 2890.000362
CHF 0.803904
CLF 0.024709
CLP 969.330396
CNY 7.211804
CNH 7.19286
COP 4124.99
CRC 505.09165
CUC 1
CUP 26.5
CVE 96.02504
CZK 21.201404
DJF 177.720393
DKK 6.439804
DOP 60.750393
DZD 130.142814
EGP 48.338726
ERN 15
ETB 138.150392
EUR 0.86255
FJD 2.26104
FKP 0.756365
GBP 0.752955
GEL 2.703861
GGP 0.756365
GHS 10.503856
GIP 0.756365
GMD 72.503851
GNF 8675.000355
GTQ 7.6728
GYD 209.14964
HKD 7.84947
HNL 26.350388
HRK 6.500604
HTG 130.871822
HUF 344.13504
IDR 16367.95
ILS 3.41787
IMP 0.756365
INR 87.166904
IQD 1310
IRR 42112.503816
ISK 123.430386
JEP 0.756365
JMD 160.357401
JOD 0.70904
JPY 147.38404
KES 129.503801
KGS 87.450384
KHR 4015.00035
KMF 427.503794
KPW 899.980278
KRW 1389.030383
KWD 0.30526
KYD 0.83306
KZT 542.539912
LAK 21600.000349
LBP 89550.000349
LKR 301.206666
LRD 201.000348
LSL 18.10377
LTL 2.95274
LVL 0.60489
LYD 5.455039
MAD 9.086504
MDL 17.214813
MGA 4430.000347
MKD 53.925498
MMK 2098.469766
MNT 3591.435698
MOP 8.082518
MRU 39.820379
MUR 46.803741
MVR 15.403739
MWK 1736.503736
MXN 18.85725
MYR 4.277504
MZN 63.960377
NAD 18.103727
NGN 1533.980377
NIO 36.750377
NOK 10.242265
NPR 139.89532
NZD 1.690488
OMR 0.381948
PAB 0.999672
PEN 3.694504
PGK 4.13025
PHP 57.766038
PKR 283.250374
PLN 3.68625
PYG 7487.900488
QAR 3.64075
RON 4.380304
RSD 101.789038
RUB 79.88758
RWF 1440
SAR 3.751106
SBD 8.264604
SCR 14.156038
SDG 600.503676
SEK 9.65375
SGD 1.289904
SHP 0.785843
SLE 23.000338
SLL 20969.503947
SOS 571.503662
SRD 36.84037
STD 20697.981008
STN 21.7
SVC 8.74741
SYP 13001.991551
SZL 18.103649
THB 32.360369
TJS 9.431969
TMT 3.51
TND 2.894504
TOP 2.342104
TRY 40.645204
TTD 6.775727
TWD 29.709038
TZS 2539.612038
UAH 41.788813
UGX 3583.645402
UYU 40.16117
UZS 12760.000334
VES 123.49336
VND 26220
VUV 120.138643
WST 2.771841
XAF 574.607012
XAG 0.027014
XAU 0.000297
XCD 2.70255
XCG 1.801721
XDR 0.69341
XOF 573.000332
XPF 105.503591
YER 240.603589
ZAR 18.043037
ZMK 9001.203584
ZMW 22.86753
ZWL 321.999592
  • RBGPF

    0.5200

    74.94

    +0.69%

  • CMSC

    0.0200

    22.87

    +0.09%

  • RYCEF

    0.0200

    14.2

    +0.14%

  • SCU

    0.0000

    12.72

    0%

  • SCS

    -0.1500

    10.18

    -1.47%

  • NGG

    1.4300

    71.82

    +1.99%

  • VOD

    0.1500

    10.96

    +1.37%

  • GSK

    0.4100

    37.56

    +1.09%

  • RIO

    -0.1200

    59.65

    -0.2%

  • BP

    -0.4000

    31.75

    -1.26%

  • CMSD

    0.0800

    23.35

    +0.34%

  • BTI

    0.6700

    54.35

    +1.23%

  • RELX

    -0.3000

    51.59

    -0.58%

  • JRI

    -0.0300

    13.1

    -0.23%

  • BCC

    -0.4600

    83.35

    -0.55%

  • BCE

    0.2400

    23.57

    +1.02%

  • AZN

    0.8600

    73.95

    +1.16%

China's 2024 coal projects threaten climate goals: report
China's 2024 coal projects threaten climate goals: report / Photo: © AFP/File

China's 2024 coal projects threaten climate goals: report

China last year began construction on projects with the greatest combined coal power capacity since 2015, jeopardising the country's goal to peak carbon emissions by 2030, according to a report published Thursday.

Text size:

The world's second-largest economy is the biggest emitter of the greenhouse gases that drive climate change, but also a renewable energy powerhouse. It plans to reach net zero by 2060.

While coal has been a pivotal energy source in China for decades, explosive growth in wind and solar installations in recent years has raised hopes that the country can wean itself off the dirty fossil fuel.

But according to a report from the Finland-based Centre for Research on Energy and Clean Air (CREA) and Global Energy Monitor (GEM) in the United States, China began construction on 94.5 gigawatts of coal power projects in 2024 -- 93 percent of the global total.

Although the country also added a record 356 gigawatts of wind and solar capacity -- 4.5 times the European Union's additions -- the uptick in coal power risks solidifying its role in China's energy mix, the report said.

"China's rapid expansion of renewable energy has the potential to reshape its power system, but this opportunity is being undermined by the simultaneous large-scale expansion of coal power," said Qi Qin, lead author of the report and China analyst at CREA.

The rise comes despite a pledge by Chinese President Xi Jinping in 2021 to "strictly control" coal power projects and increases in coal consumption before "phasing it down" between 2026 and 2030.

Coal production has risen steadily in recent years, from 3.9 billion tons in 2020 to 4.8 billion tons in 2024.

"Without urgent policy shifts, China risks reinforcing a pattern of energy addition rather than transition, limiting the full potential of its clean energy boom," the report said.

- Coal prioritised -

New permits for coal power projects fell 83 percent in the first half of 2024, prompting optimism that China's clean energy transition was gathering pace.

In November, a survey of experts by CREA and the Australian think tank International Society for Energy Transition Studies (ISETS) found 52 percent thought China's coal consumption would peak in 2025.

But coal power surged in the latter months of 2024, despite the country adding enough power from clean energy sources to cover its growth in electricity demand.

That suggested coal power was being prioritised over renewable sources in some regions, the report said.

"Chinese coal power and mining companies are sponsoring and building new coal plants beyond what is needed," said Christine Shearer, research analyst at GEM.

"The continued pursuit of coal is crowding out the country's use of lower-cost clean energy."

China is due to announce details of its 15th Five-Year Plan -- for 2026 to 2030 -- in the coming months, likely including updated emissions and energy goals.

This month it was also due to submit new emissions targets, known as Nationally Determined Contributions (NDCs), under the 2015 Paris Agreement.

So far only a handful of countries have submitted new NDCs.

In October, CREA urged China to set a "strong but achievable" target of slashing emissions by at least 30 percent by 2035.

Q.Yam--ThChM