China to ex­pand re­new­able en­ergy de­vel­op­ment

Tehran Times - - ENERGY -

With the U.S. opt­ing out of the Paris Ac­cords on Cli­mate Change, many have turned their fo­cus to China to spear­head ef­forts to curb green­house emis­sions and move from fos­sil fuel to re­new­able en­ergy.

The po­ten­tial for growth in the lat­ter in China is great says a Bri­tish Petroleum En­ergy Out­look re­port for 2018.

The re­port says that not only is reliance on coal as a ma­jor en­ergy source de­clin­ing in China – fore­cast to fall from 62 per cent con­sump­tion in 2016 to 36 per cent in 2040 – but it will also ac­count for 31 per cent of the earth’s re­new­able en­ergy con­sump­tion by the same year.

The UN has com­mended China for lev­er­ag­ing de­creased man­u­fac­tur­ing costs and in­creased in­vest­ment to boost trade in re­new­able trade prod­ucts.

In ad­di­tion to curb­ing the use of ve­hi­cles and ap­ply­ing stricter pol­lu­tion con­trols to con­struc­tion sites and those that use coal as an en­ergy source, the gov­ern­ment is fast-track­ing the man­u­fac­tur­ing of “green” cars.

In 2017, nearly 800,000 such “green” ve­hi­cles were sold on the Chi­nese mar­ket.

“New en­ergy ve­hi­cle pro­duc­tion jumped 53.8 per cent to 794,000 units last year, up 53.8 per cent from the pre­vi­ous year,” the China As­so­ci­a­tion of Au­to­mo­bile Man­u­fac­tur­ers (CAAM) said.

This comes as the Chi­nese gov­ern­ment seeks to adopt a two-tier ap­proach to en­vi­ron­men­tal safety and boost its au­to­mo­tive in­dus­try.

Bei­jing is also go­ing to re­claim forests that have been trans­formed to agri­cul­tural lands

The New De­vel­op­ment Bank (NDB) launched by the BRICS coun­tries has been part and par­cel of the bloc’s drive to­ward clean and re­new­able en­ergy.

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