BREAKING: China's CO2 emissions fell by 3% in March, after a surge lasting 14 months that followed the lifting of zero-Covid controls, showing the country has the ability to peak emissions imminently. THREAD 🧵 www.carbonbrief.org/... - ThreadSky

laurimyllyvirta.bsky.social • 287 days ago

BREAKING: China's CO2 emissions fell by 3% in March, after a surge lasting 14 months that followed the lifting of zero-Covid controls, showing the country has the ability to peak emissions imminently. THREAD 🧵
https://www.carbonbrief.org/analysis-monthly-drop-hints-that-chinas-co2-emissions-may-have-peaked-in-2023/

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siebensiebensieben.bsky.social•287 days ago

Recently read news. Very interesting interview. Xi is the first president who has environmental issues in his agenda. He is doing a double strategy: constructing coal energy services AND solar/wind-power. To ease the people who have problems with new technology. Goal: renewable sources. Interesting.

laurimyllyvirta.bsky.social•287 days ago

This is just one month of data, but it's based on structural drivers - I predicted six months ago that emissions would begin falling in March due to last year's record clean energy capacity additions:
https://www.carbonbrief.org/analysis-chinas-emissions-set-to-fall-in-2024-after-record-growth-in-clean-energy/

laurimyllyvirta.bsky.social•287 days ago

Key drivers of the emission drop:
-massive influx of solar&wind power covered almost all of added power use despite rapid demand growth
-emissions from steel&cement fell sharply, as the construction slump continued
-oil consumption growth stopped, after post-Covid rebound

laurimyllyvirta.bsky.social•287 days ago

Wind and solar covered 90% of demand growth, with small- and medium-scale solar the biggest source of growth. This is seen in headline statistics, with electricity consumption rising 7% and large-scale power generation only 3%, a source of a lot of confusion.

laurimyllyvirta.bsky.social•287 days ago

These trends indicate that China’s CO2 emissions may have peaked in 2023. However, there is a wide disagreement between the clean energy industry and government on clean energy growth, with the government's level of ambition far below current rate of clean energy additions.

laurimyllyvirta.bsky.social•287 days ago

While last year's wind and solar capacity additions were almost 300 GW and the solar (CPIA) and wind industry project >250 GW for this year, rising to 300-350 GW by 2030, the National Energy Administration proposes a target of >100 GW/year for the period.

laurimyllyvirta.bsky.social•287 days ago

For this year, the NEA is targeting 170 GW wind and solar, up from 160 GW last year’s target but far less than last year’s actual additions.

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