Latest from ChinaFAQs
This post originally appeared on WRI Insights.
It’s well-known that China ranks first in the world in attracting clean energy investment, receiving US$ 65.1 billion in 2012. But new analysis from WRI shows another side to this story: China is increasingly becoming a global force in international clean energy investment, too.
ChinaFAQs expert Barbara Finamore and her team at the Natural Resources Defense Council’s China Program have written a blog post entitled, “A Five-Part Strategy to Cap and Cut Coal Consumption in China.” In the blog, Finamore and her colleagues, Alvin Lin and Christine Xu, discuss the problems arising from China’s extensive coal use, as well as lay out potential policies that China could adopt to reduce coal consumption.
In April, the United States and China announced a new joint partnership that recognized the danger of climate change and “inadequacy of the global response.” Next month, China is expected to launch its first pilot regional cap and trade system.
Trade negotiations between the European Union and China regarding solar panels have hit a bump in the road, as the European trade commissioner complained about Chinese pressure on individual EU nations that he said was designed to prevent Europe from reaching a consensus.
Once again, China’s ability to handle a changing climate is being tested.
In 2013, rainfall in south China’s Yunnan province dropped 70 percent below average levels. This, combined with similar rainfall decline over the past three years, has turned the once water-abundant region into a much drier place.
China is among the countries most vulnerable to climate change. An extreme weather event like Yunnan’s years-long drought is just one of many problems it faces.
The United States and China are the world’s two largest economies. They are also the two largest producers and consumers of coal and the largest emitters of carbon dioxide. In recent years, however, their paths on coal have started to diverge.
Over the last few years, coal consumption has dropped dramatically in the United States, mainly due to low natural gas prices. In response to weak domestic demand, the U.S. coal industry has been rushing to find its way out to the international market. Last year, U.S.
The U.S. and China pledged to boost cooperation on climate change in a Joint U.S.-China Declaration on Climate Change signed by U.S. Secretary of State John Kerry and Chinese State Councilor Yang Jiechi on Saturday April 13 in Beijing.