China is currently the world's biggest importer of oil, which combined with its infamous air-pollution problem, is driving the country to reduce its dependence on fossil fuels.
 |
| China's emissions (Source: BBC News) |
According to Forbes magazine, the Renewable Energy Policy Network for the 21st Century report put China once as leading rest of the world in renewable energy investment in 2013, spending a total of $56.3 billion on wind, solar and other renewable projects.
By 2015, according to the Financial Times, China extended its lead over the US in investment in renewable energy, which rose 32 per cent to a record $89.5bn, with about three quarters of that going into wind and solar power.
As the BBC reports, this could mean that China's greenhouse gas emissions could start to decline within 10 years, according to a report from the London School of Economics.
The LSE authors note that "China's pledge includes a commitment to use 'best efforts' to peak before 2030; we are beginning to see the fruits of China's best efforts. China's transformation has profound implications for the global economy, and greatly increases the prospects for keeping global greenhouse gas emissions within relatively safe limits."
No comments:
Post a Comment