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China’s carbon pledge sets path for deep energy changes

From argusmedia.com

China's transition to a low-carbon economy could require reducing coal's share of the energy mix to as little as 5pc by mid-century, while leaving little room for oil, according to the most aggressive scenarios drawn up by China's leading environmental institute. But even if that proves too ambitious, president Xi Jinping's pledge to achieve "carbon neutrality" by 2060 looks unachievable without major changes in energy policy. A road map for the energy transition drawn up by Tsinghua's Institute of Climate Change and Sustainable Development, sets out four scenarios. The research was started after Beijing in 2017 set ... (full story)

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  • Category: Fundamental Analysis