Energy crisis: even China is asking its companies to consume less
Chinese authorities have called on state-owned companies to reduce energy consumption and carbon dioxide emissions by 2025 from 2020 levels as part of China's plan to peak CO2 emissions by the end of this decade.
State-controlled companies in China must reduce their energy consumption by 15% for every 10,000 Yuan (about $ 1570) of production value, all by 2025 according to a statement by the State Commission for the Supervision and Administration of Assets. (SASAC) reported by Reuters .
Carbon dioxide emissions in state-owned enterprises per 10,000 yuan of production value are also expected to decline by 2025, by 18 percent from 2020, the asset supervisor said.
China, which aims to achieve carbon neutrality by 2060, has a tentative goal of seeing its CO2 emissions peak before 2030 . So it means that between now and 2030 China plans to strongly increase its industrial supremacy, and for this reason
Earlier this year, Chinese authorities ordered energy-intensive industries such as oil refining, steel manufacturing, aluminum manufacturing and cement manufacturing to ensure that more than 30% of their production capacity met stricter standards of energy efficiency.
however, the demands made on industries are somewhat different from reality, with China securing huge supplies of Coal, even from the politically distant Australia. On a global level, coal, the "Bad" from an environmental point of view, has become the protagonist
The economic rebound of the pandemic is driving coal-fired power generation to a new record this year, with global fossil demand likely to reach another new high next year, undermining climate efforts, the International Agency for energy (IEA) in its annual Coal 2021 report earlier this month. An increase linked above all to China and India.
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The article Energy crisis: even China asks its companies to consume less comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/crisi-energetica-perfino-la-cina-chiede-alle-sue-aziende-di-consumare-meno/ on Thu, 30 Dec 2021 21:44:37 +0000.