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New UserChina ‘must shut 600 coal-fired plants’ to hit climate target
15 Apr 2021
China must shut down nearly 600 of its coal-fired power plants in the next 10 years, replacing them with renewable electricity generation, to meet its goal of net zero greenhouse gas emissions by 2060, a report has said.
But replacing the 364GW of coal generation with renewable power would achieve a net saving of $1.6tn (£1.2tn) over the period, since wind and solar power are now much cheaper than coal, according to the analysis company TransitionZero.
The coal consumption of China, the world’s biggest emitter, is of global concern. The country has ramped up plans for new coal-fired power stations in an effort to spur economic growth after the recession caused by the coronavirus pandemic.
Last September the country’s president, Xi Jinping, surprised the world by pledging that China would achieve net zero emissions by 2060, and that its emissions would peak before 2030.
Related: Urgent policies needed to steer countries to net zero, says IEA chief
However, while climate experts have applauded the long-term goal they are concerned that allowing emissions to rise for the next 10 years will bust the global carbon budget.
Source : https://www.msn.com/en-gb/news/world