Latest from ChinaFAQs
This past weekend the White House announced the signing of a new agreement between the United States and China on hydrofluorocarbons, or HFCs, which are highly potent greenhouse gases commonly used in air-conditioning units and refrigerators.
This new agreement is very big news.
China’s 12th Five Year Plan includes an array of energy targets that it hopes to achieve by 2015. The targets, such as increasing the share of non-fossil energy to 11.4% of the total energy supply and cutting the economy’s carbon intensity by 17% by 2015, are part of a larger plan for China to reach a 40-45% reduction in carbon intensity by 2020 relative to 2005 levels. ChinaFAQs expert Trevor Houser has crunched the numbers provided by China’s National Bureau of Statistics and come up with a report card on the country’s progress towards achieving its climate and energy goals.
The following is a press release from the White House:
Today, President Obama and President Xi agreed on an important new step to confront global climate change. For the first time, the United States and China will work together and with other countries to use the expertise and institutions of the Montreal Protocol to phase down the consumption and production of hydrofluorocarbons (HFCs), among other forms of multilateral cooperation.
This post originally appeared on Forbes.com.
When President Obama and China’s President Xi Jinping meet in California this week, they will be seeking to build trust and chart a course for improved relations. While tensions abound over various issues, clean energy and climate is one area where cooperation can work.
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.