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China’s carbon emissions may peak in 2025

(People's Daily Online)    17:44, January 07, 2016
China’s carbon emissions may peak in 2025

China’s carbon emissions may peak in 2025, according to a report on the prospect of China's energy economy from 2016 to 2030.

This report was released at the press of Forecasting and Prospects Research Report on Energy Economy held by the Center for Energy and Environmental Policy Research of Beijing Institute of Technology (CEEP-BIT) on Jan. 6, 2016.

The report suggests that in terms of adjusting energy structure, China can adopt a two-step strategy by increasing the proportion of non-fossil energy consumption after reducing the share of coal consumption. It also proposes that China should set up a target that defines the ratio of environmental investment to the GDP.

The proportion of coal demand in China's energy demand decreased to 66 percent in 2014; the proportion could decline to 62 percent in 2017 and decrease in the range from 58 percent to 62 percent by 2020, said Hao Yu, associate professor at the CEEP-BIT. Hao predicted that the coal consumption may peak around 2019.

The ratio of oil demand to China's energy demand might fall from 18.8 percent in 2015 to 17.6 percent in 2020. It is predicted that during the 13th Five-Year Plan (2016-2020), China's oil demand is expected to see a year-on-year growth of 1.7 percent on average and reach 565 million tons by 2020.

The report points out the reasons behind the decrease of carbon emissions. It holds that the increasing energy efficiency and the use of wind power, solar power, hydropower and nuclear power will decelerate the growth of China's carbon emissions and the carbon trading mechanism, which will be introduced into the whole area of China, will play a greater role in reducing China's carbon emissions.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Ma Xiaochun,Bianji)

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