Emissions from China-invested overseas coal plants equal to Spain | Climate News

Fossil fuels produce round half of the vitality from abroad Chinese language-backed energy vegetation, new examine reveals.

Carbon dioxide emissions from China-invested energy vegetation abroad now stand at an estimated 245m tonnes per yr, about the identical because the annual energy-related CO2 emissions from international locations the dimensions of Spain or Thailand, new analysis reveals.

Chinese language firms and government-run funding banks have financed a complete of 171.6 gigawatts of abroad energy era capability, representing a complete of 648 energy vegetation in 92 international locations, new analysis from Boston College’s International Growth Coverage Middle confirmed on Tuesday.

“Whereas China has taken steps to decarbonize its abroad investments … extra may be performed to decarbonize China’s international energy, together with a specific deal with decarbonizing Asia, the place essentially the most producing capability is financed by China and over 50 % is coal-based,” the centre mentioned in its report.

About half of that whole capability of Chinese language-backed energy era abroad is fossil-fuel associated, and the pipeline of initiatives may add one other 100m tonnes of annual CO2 emissions if they’re all accomplished, mentioned Cecilia Springer, a researcher on the Boston College analysis centre.

“China’s abroad energy portfolio remains to be dominated by coal and large-scale hydropower, indicating that China can do extra to implement its pledge to step up assist for inexperienced and low-carbon vitality in creating international locations — particularly wind and solar energy,” she mentioned.

President Xi Jinping advised the United Nations Normal Meeting final yr that China would cease investing in abroad coal-fired energy vegetation as a part of its dedication to fight local weather change, a transfer estimated to contain about $50bn in funding.

Xi’s pledge led to the instant cancellation of a number of abroad initiatives, although some remained in a “gray space” and will nonetheless go forward, consultants mentioned.

China is the world’s greatest greenhouse gasoline emitter in addition to its largest coal client.

Nearly all of the China-financed abroad energy era capability now within the starting stage will make use of low-carbon vitality sources, the Boston College analysis mentioned, indicating {that a} latest pledge to finish abroad coal financing is having an impact.

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