The Japan Times - China backpedals on climate promises as economy slows

EUR -
AED 4.236833
AFN 76.142197
ALL 93.45107
AMD 420.704816
AOA 1059.063247
ARS 1713.99192
AUD 1.649976
AWG 2.076594
AZN 1.965807
BAM 1.955822
BBD 2.316627
BDT 142.031626
BHD 0.433705
BIF 3413.239071
BMD 1.153663
BND 1.476217
BOB 13.658156
BRL 5.861191
BSD 1.150213
BTN 109.651255
BWP 15.68318
BYN 3.345938
BYR 22611.798836
BZD 2.313326
CAD 1.617379
CDF 2624.584211
CHF 0.93183
CLF 0.027272
CLP 1073.37276
CNY 7.788731
CNH 7.790705
COP 3653.005322
CRC 522.40598
CUC 1.153663
CUP 30.572075
CVE 110.266262
CZK 24.240891
DJF 204.822345
DKK 7.480664
DOP 66.730764
DZD 153.303755
EGP 59.017676
ERN 17.304948
ETB 183.804404
FJD 2.554153
FKP 0.856626
GBP 0.855675
GEL 3.016876
GGP 0.856626
GHS 13.446154
GIP 0.856626
GMD 84.798688
GNF 10097.115581
GTQ 8.7761
GYD 240.602754
HKD 9.047262
HNL 30.819353
HRK 7.538386
HTG 150.391722
HUF 365.192535
IDR 20799.39394
ILS 3.533613
IMP 0.856626
INR 110.048515
IQD 1506.817248
IRR 1586431.11648
ISK 142.062532
JEP 0.856626
JMD 182.092084
JOD 0.817993
JPY 181.627012
KES 148.781703
KGS 100.888291
KHR 4660.799756
KMF 492.614593
KRW 1664.690302
KWD 0.356644
KYD 0.958511
KZT 545.026239
LAK 26048.298174
LBP 103004.479089
LKR 386.12442
LRD 207.612377
LSL 19.024918
LTL 3.406468
LVL 0.69784
LYD 7.359084
MAD 10.744823
MDL 20.10023
MGA 4919.056308
MKD 61.525704
MMK 2422.354323
MNT 4147.524662
MOP 9.292006
MRU 46.226529
MUR 54.222569
MVR 17.836069
MWK 1994.42283
MXN 20.013177
MYR 4.712949
MZN 73.731051
NAD 19.024918
NGN 1574.012366
NIO 42.330485
NOK 10.926464
NPR 175.442008
NZD 1.961512
OMR 0.443645
PAB 1.150213
PEN 3.898045
PGK 5.150059
PHP 70.667684
PKR 319.439457
PLN 4.312336
PYG 6858.078504
QAR 4.204648
RON 5.247557
RSD 117.498334
RUB 91.443047
RWF 1688.519328
SAR 4.320672
SBD 9.322873
SCR 15.583178
SDG 692.198315
SEK 10.985993
SGD 1.479693
SLE 28.499711
SOS 657.307524
SRD 43.587131
STD 23878.499126
STN 24.50028
SVC 10.064115
SZL 19.022218
THB 38.676603
TJS 10.616322
TMT 4.049358
TND 3.381339
TRY 54.813428
TTD 7.810089
TWD 37.273824
TZS 3047.993231
UAH 51.336988
UGX 4319.04944
USD 1.153663
UYU 46.28053
UZS 13768.157604
VES 860.282504
VND 30341.919148
VUV 137.643052
WST 3.154711
XAF 655.964509
XAG 0.019963
XAU 0.000285
XCD 3.117833
XCG 2.072924
XDR 0.815809
XOF 655.964509
XPF 119.331742
YER 274.922082
ZAR 19.102044
ZMK 10384.357384
ZMW 21.606247
ZWL 371.479082
  • CMSC

    0.0300

    21.84

    +0.14%

  • RELX

    -1.1900

    35.42

    -3.36%

  • NGG

    -0.4200

    79.97

    -0.53%

  • CMSD

    0.0900

    22.11

    +0.41%

  • RBGPF

    0.0000

    69.21

    0%

  • RYCEF

    -0.3100

    19.55

    -1.59%

  • BCE

    -0.0200

    21.68

    -0.09%

  • RIO

    -0.3300

    96.85

    -0.34%

  • BTI

    -1.0400

    60.65

    -1.71%

  • GSK

    -0.3800

    51.69

    -0.74%

  • BCC

    1.0000

    76.38

    +1.31%

  • VOD

    -0.3600

    15.78

    -2.28%

  • AZN

    -1.7000

    169.64

    -1%

  • JRI

    0.0900

    12.96

    +0.69%

  • BP

    1.0000

    45.22

    +2.21%

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.

K.Yoshida--JT