Berliner Boersenzeitung - Biggest emitter, record renewables: China's climate scorecard

EUR -
AED 4.237432
AFN 74.998899
ALL 91.832377
AMD 420.201169
ANG 2.065775
AOA 1058.060998
ARS 1738.807085
AUD 1.619907
AWG 2.078334
AZN 1.964095
BAM 1.955348
BBD 2.322784
BDT 141.988444
BGN 1.942402
BHD 0.434959
BIF 3455.716576
BMD 1.153829
BND 1.467574
BOB 13.319982
BRL 5.935644
BSD 1.153244
BTN 110.664926
BWP 15.608666
BYN 3.501822
BYR 22615.040029
BZD 2.319385
CAD 1.607127
CDF 2668.227209
CHF 0.944973
CLF 0.02788
CLP 1100.84468
CNY 7.743863
CNH 7.745616
COP 3604.698921
CRC 516.085305
CUC 1.153829
CUP 30.576457
CVE 110.767415
CZK 24.295303
DJF 205.058612
DKK 7.475702
DOP 68.189849
DZD 154.329255
EGP 59.892591
ERN 17.307429
ETB 188.373836
FJD 2.552788
FKP 0.855137
GBP 0.85655
GEL 2.990252
GGP 0.855137
GHS 13.23546
GIP 0.855137
GMD 84.809165
GNF 10124.845591
GTQ 8.80412
GYD 241.275333
HKD 9.05115
HNL 30.952389
HRK 7.535197
HTG 150.727809
HUF 365.730776
IDR 20348.920712
ILS 3.511043
IMP 0.855137
INR 110.759524
IQD 1510.777338
IRR 1586052.756441
ISK 139.809509
JEP 0.855137
JMD 181.638059
JOD 0.818052
JPY 179.09841
KES 149.374761
KGS 100.902074
KHR 4676.467171
KMF 492.684488
KPW 1038.446082
KRW 1575.021599
KWD 0.356175
KYD 0.961095
KZT 515.799839
LAK 25828.452729
LBP 103325.348922
LKR 380.455448
LRD 201.487335
LSL 18.754395
LTL 3.406956
LVL 0.69794
LYD 7.327308
MAD 10.903677
MDL 20.049718
MGA 4977.893712
MKD 61.504935
MMK 2422.411591
MNT 4153.244366
MOP 9.31811
MRU 46.176138
MUR 54.045596
MVR 17.780874
MWK 1999.74691
MXN 19.790923
MYR 4.666663
MZN 73.741527
NAD 18.622965
NGN 1528.742549
NIO 42.440568
NOK 10.78963
NPR 177.070019
NZD 2.007333
OMR 0.443631
PAB 1.153244
PEN 3.87004
PGK 5.213841
PHP 72.506162
PKR 319.933207
PLN 4.341742
PYG 6864.385219
QAR 4.203711
RON 5.259385
RSD 117.368588
RUB 97.152785
RWF 1694.138177
SAR 4.330405
SBD 9.253127
SCR 15.887564
SDG 694.026771
SEK 11.285292
SGD 1.469124
SHP 0.854656
SLE 28.441911
SLL 24195.198891
SOS 659.07352
SRD 43.557202
STD 23881.921888
STN 24.494556
SVC 10.090626
SYP 15002.079398
SZL 18.759993
THB 38.438105
TJS 10.63859
TMT 4.0384
TND 3.378335
TOP 2.778142
TRY 56.142409
TTD 7.826227
TWD 36.687598
TZS 3052.601211
UAH 51.482989
UGX 4531.933906
USD 1.153829
UYU 46.379291
UZS 13568.102214
VES 970.58217
VND 29958.005067
VUV 136.253073
WST 3.15168
XAF 655.957
XAG 0.018102
XAU 0.000269
XCD 3.118279
XCG 2.078438
XDR 0.815817
XOF 655.957
XPF 119.331742
YER 272.909286
ZAR 18.771758
ZMK 10385.849869
ZMW 22.516996
ZWL 371.53233
SSP 6514.781285
MXV 2.244164
  • RBGPF

    1.9700

    69.99

    +2.81%

  • RYCEF

    -0.5000

    19.04

    -2.63%

  • BCC

    0.6800

    75.93

    +0.9%

  • CMSC

    -0.1000

    20.32

    -0.49%

  • NGG

    -0.0300

    74.93

    -0.04%

  • BCE

    -0.2534

    22.9

    -1.11%

  • RIO

    -0.3800

    97.26

    -0.39%

  • CMSD

    -0.1700

    20.07

    -0.85%

  • AZN

    -1.9300

    161.85

    -1.19%

  • VOD

    0.1500

    17.68

    +0.85%

  • JRI

    -0.2065

    11.62

    -1.78%

  • GSK

    -0.0400

    50.01

    -0.08%

  • RELX

    -1.5000

    34.22

    -4.38%

  • BTI

    -0.7700

    56.52

    -1.36%

  • BP

    1.0300

    46.96

    +2.19%

Biggest emitter, record renewables: China's climate scorecard
Biggest emitter, record renewables: China's climate scorecard / Photo: STR - AFP

Biggest emitter, record renewables: China's climate scorecard

China is the world's biggest emitter of planet-warning greenhouse gases but is also installing more renewable energy sources and putting more electric vehicles on its roads than any other country.

Text size:

Ahead of the COP30 climate talks in Brazil, here is a look at China's climate commitments:

- Emissions -

China emits over 30 percent of global greenhouse gases -- an estimated 15.6 gigatons of carbon dioxide equivalent in 2024, according to the latest UN figures.

Both its total historical emissions and its emissions per capita are still below those of the United States, but are catching up fast.

Coal, a major source of pollution, accounted for nearly 60 percent of Chinese power generation last year, though massive installations of renewable energy are helping meet new electricity demand.

It is also a leader in the electric vehicle market, accounting for over 70 percent of global production. Almost half of new cars in China were electric battery-powered or plug-in hybrids in 2024, according to the International Energy Agency.

- Reduction targets -

In September, China announced its first numerical greenhouse gas reduction targets, pledging to slash emissions by 7-10 percent by 2035.

But it did not set a baseline year from which to measure those reductions and experts say China needs to cut emissions by closer to 30 percent from 2023 levels to keep global temperaturesfrom rising over 1.5C above pre-industrial levels.

There is hope however that China will "underpromise but overachieve" as it has with some previous targets, including on renewable energy.

Beijing had previously committed to a peak in emissions by 2030 and to achieve net-zero carbon status three decades later.

Some analysts believe emissions have already peaked or are close to doing so thanks to the rising use of renewables and nuclear power.

- Renewable goals –

China's official climate roadmap this week confirmed President Xi Jinping's September target announcements.

The plan was welcomed by UN climate chief Simon Stiell as "a significant moment in our collective climate effort."

It includes new targets for renewables, including increasing solar and wind power capacity by six times their 2020 levels to 3,600 gigawatts (GW) by 2035.

China said earlier this year it currently has 1,482 GW of wind and solar capacity.

Reaching Beijing's new goal would require installing around 200GW of wind and solar capacity a year, far less than China added in 2024.

Though renewable energy growth could slow, analysts widely view China as likely to hit and possibly exceed its 2035 target early.

- Fossil fuels, EVs -

China wants to raise the share of non-fossil fuels in its total energy consumption to over 30 percent by 2035.

That too is considered an achievable and unambitious pledge given recent forecasts already project that figure will hit 36 percent in a decade.

The Chinese president also promised to ensure "new energy vehicles", which include electric vehicles (EVs), become the "mainstream" in new sales.

That is arguably already the case given EVs make up over 40 percent of new purchases.

- Emissions trading, forest cover -

China's new commitments include a pledge to expand its carbon emissions trading scheme to cover all high-emission sectors.

The scheme is already in the process of expanding from the power sector to cover heavy industry including cement, steel and aluminum, and officials have signalled plans to apply it to even more sectors.

Beijing's 2035 pledge also targets forest cover of 24 billion cubic metres, up from 20 billion currently, according to official figures.

(O.Joost--BBZ)