Let’s congratulate China for what it‘s doing to fight environmental damage and climate change. It has the world’s most ambitious clean-tech program, investing $110 billion in clean-energy technologies last year, almost as much as the U.S. and the E.U. combined.
From almost nothing five years ago, China now has the world’s largest installed base of wind power and solar power. Coal use has dropped each of the past two years. Electricity generated by coal was less than 70 percent last year, down 10 percentage points from 2011. Low-carbon source such as hydro and wind have made up the difference and are now significant sources of electricity generation in China.
Energy intensity is falling, as China shifts away from its traditional reliance on heavy industry to embrace the service sector. Indeed, China is responsible for much of the good, and unexpected, news from the International Energy Agency that global carbon emissions have plateaued in the past two years despite continued economic growth.
When Chinese President Xi Jinping signed a historic agreement with Barack Obama in November 2014 promising that China’s CO2 emissions would peak “around 2030,’” the agreement was hailed as a big step forward. And it was. At last, China formally put a date on peak emissions.
Good as this news is, China needs to do more.
Originally published as part of an Asia Society ChinaFile Conversation. Can be accessed here.