{"id":115581,"date":"2021-03-05T04:37:56","date_gmt":"2021-03-05T04:37:56","guid":{"rendered":"https:\/\/precoinnews.com\/?p=115581"},"modified":"2021-03-05T04:37:56","modified_gmt":"2021-03-05T04:37:56","slug":"china-to-cut-energy-intensity-by-around-3-in-2021-work-report","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/china-to-cut-energy-intensity-by-around-3-in-2021-work-report\/","title":{"rendered":"China to cut energy intensity by around 3% in 2021: work report"},"content":{"rendered":"

SHANGHAI (Reuters) – China will cut energy intensity, a ratio that measures how much is used in driving economic growth, by around 3% in 2021 as it bids to meet long-term climate goals, Premier Li Keqiang said in his government work report, delivered to parliament on Friday.<\/p>

Security personnel keep watch at the end of the opening session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China March 5, 2021. REUTERS\/Carlos Garcia Rawlins<\/figcaption>

China, the world\u2019s biggest source of climate-warming greenhouse gas, is aiming to bring carbon emissions to a peak before 2030 and become \u201ccarbon-neutral\u201d by 2060.<\/p>\n

Li pledged that an \u201caction plan\u201d would be drawn up this year to meet the 2030 target, and he also promised to improve the country\u2019s overall energy mix to ease the country\u2019s dependence on fossil fuels.<\/p>\n

Over the 2021-2025 period, China will also aim to cut energy intensity by 13.5% and carbon intensity – a ratio measuring how much carbon is emitted in growing the economy – by 18%.<\/p>\n

But Li Shuo, senior advisor for Greenpeace in Beijing, warned that China had to do more if it is to keep up its previous pace of decarbonisation as its economy rebounds from the impact of the coronavirus pandemic.<\/p>\n

\u201cTo tackle the climate crisis, China needs to bring its emission growth to a much slower level, and to flatten the emission curve early in the upcoming five-year period,\u201d he said.<\/p>\n

While the report promised to \u201cmake a push\u201d for the development of new energy sources, including nuclear, China will continue to promote \u201cthe clean and efficient use of coal\u201d.<\/p>\n

\u201cThere\u2019s still no end in sight for China\u2019s coal plant construction boom,\u201d Greenpeace\u2019s Li said. \u201cRunaway momentum in the steel, cement, and aluminum sectors suggests China needs to do much better to green its COVID recovery.\u201d<\/p>\n

The government work report also said China would accelerate the use of new trading mechanisms aimed at cutting carbon emissions and reducing energy use, and it also promised new policies to channel more financial support to green and low-carbon development.<\/p>\n

More corporate income tax credits would be made available to support environmental protection and conservation, it said.<\/p>\n

The work report also said China would move faster to create \u201cmajor ecological shields\u201d designed to protect vulnerable ecosystems, and would also further expand forest coverage.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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