New en­ergy road map lays out way to hit growth goal

China Daily (USA) - - BUSINESS - By DUJUAN dujuan@chi­nadaily.com.cn

China can meet its am­bi­tious, six­fold 2050 eco­nomic growth tar­get us­ing the same amount of en­ergy in 2050 as in 2010 with sub­stan­tially more re­new­able en­ergy and less coal, a re­port launched at a sub-fo­rum of the G20 Sum­mit said.

One day af­ter the Hangzhou G20 Sum­mit, the Chi­nese top en­ergy in­sti­tute — the En­ergy Re­search In­sti­tute of the Na­tional De­vel­op­ment and Re­form Com­mis­sion — to­gether with its US coun­ter­parts re­leased a newChina en­ergy road map to achieve pledged goals on cli­mate change and en­ergy ef­fi­ciency. The US coun­ter­parts are the Lawrence Berke­ley Na­tional Lab­o­ra­tory, Rocky Moun­tain In­sti­tute and the En­ergy Foun­da­tion China, which is part of the En­ergy Foun­da­tion based in San Fran­cisco, Cal­i­for­nia.

“This road map not only lays out the con­cept and pro­vides the method to achieve the tar­get, but also re­in­forces the im­per­a­tive for a Chi­nese and global en­ergy revo­lu­tion,” said Dai Yande, di­rec­tor gen­eral of the ERI.

Ac­cord­ing to the re­port, China will reach its car­bon emis­sion peak by 2025 and grad­u­ally cut emis­sions to 42 per­cent of 2010 level by 2050.

By 2050, non-fos­sil and none­mit­ting en­ergy sources will gen­er­ate 82 per­cent of China’s elec­tric­ity, and re­new­able sources alone will meet 68 per­cent of to­tal en­ergy de­mand on an ab­so­lute ba­sis.

Con­sump­tion of China’s ma­jor en­ergy re­source— coal— will peak by 2020, the re­port said.

To achieve the tar­get, an over­all new in­vest­ment of 35 tril­lion yuan ($5.25 tril­lion) will be needed dur­ing the pe­riod 2010 to 2050 while it saves en­ergy costs of 56 tril­lion yuan for China’s eco­nomic growth. The lat­ter fig­ure does not in­clude ben­e­fits to the en­vi­ron­ment, pub­lic health and en­ergy se­cu­rity.

The re­search an­a­lyzed four pil­lar sec­tors of China’s econ­omy: in­dus­try, trans­porta­tion, build­ings, and elec­tric­ity.

The anal­y­sis showed how de­mand re­duc­tion, en­ergy ef­fi­ciency, in­te­gra­tive de­sign, re­new­able en­ergy sources, and other op­tions could be de­ployed to ad­dress China’s most press­ing en­ergy chal­lenges and sup­port its de­vel­op­ment goals.

RMI man­ag­ing di­rec­tor Jon Creyts said the re­port high­lighted op­por­tu­ni­ties for the govern­ment and pri­vate sec­tor in the en­ergy sec­tor.

“By in­clud­ing only com­mer­cially avail­able tech­nol­ogy that can be de­ployed at a net ben­e­fit to the coun­try, the road map proves that the clean growth model can pro­pel — not hin­der— eco­nomic de­vel­op­ment,” he said.

The re­search for the re­port was started in 2013 by ERI and was com­pleted through col­lab­o­ra­tion with three in­ter­na­tional in­sti­tu­tions— RMI, LBNL and EF China.

He Dongquan, vice pres­i­dent of Pro­grams, En­ergy Foun­da­tion China, said it was an ex­am­ple of in­no­va­tive in­ter­na­tional col­lab­o­ra­tion and the find­ings would be help­ful for set­ting China’s medium and long-term en­ergy strat­egy, and also of­fer­ing pol­icy rec­om­men­da­tions to fa­cil­i­tate China’s tran­si­tion to a low-emis­sion, cli­ma­teecon­omy.

Dur­ing G20 Sum­mit, China and the United States for­mally joined the Paris agree­ment to fight cli­mate change by cut­ting emis­sions.

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