The share of coal-to-electricity in the world’s largest carbon-emitting China for the first time has increased by less than 50 percent, increasing renewable energy capacity
China does not fail to surprise the world. We and you may be plagued by it, but China is busy and busy in its world. She does what she needs to do and keeps watching the rest of the world. For example, China alone is responsible for around 28% of the world’s total carbon emissions, but there is no specific global initiative to curb its objectives.
Yes, China has definitely announced itself to reduce its duties in the next decades. At the same time, there is some news from China about positive steps to the environment that criticism has to be taken for enforcement.
For example, China has started planting trees so loudly that the soaked carbon dioxide absorbed by it into its forest.
And now, a recent report shows that in the year 2020, not only 120 GW solar and wind power plants were set up in China, but also the first time the share of oil production in total electricity generation came down to 50 feet. . Oil power generation is a major factor in carbon emissions.
In the year 2020, renewable energy capacity in China reached a record high when the world was struggling with coronaviruses. This year 120 GW solar and wind power projects were set up in China, which has led to an unprecedented 29 percent year-on-year increase in renewable energy capacity. During this time, the share of coal to electricity in total power generation capacity has come down to less than 50 feet for the first time. The latest figures from the Chinese National NGista and China Power News give its growth.
China’s largest energy source, coconut itself is seeing a path of rapid expansion of renewable energy.
China’s power generation capacity has increased by about 200 GW in the year 2020. With this, the total power generation capacity in this country has gone above 2200 GW. The share of solar and wind energy in total power generation is continuously increasing, while oil generation power participation is further shrinking. Apart from this, there is also a steady decline in the average rate of use of electricity from coal.
There are many reasons for the rapid increase in solar and wind power generation capacity.
In China, wind power projects with a production capacity of over 20 GW were prepared in the year 2019 but they were added to the studio in the year 2020 itself.
High wind and solar projects were added rapidly to meet the stipulated deadline.
National Energyba of China issued a notice in September 2020 asking guns companies to engage more and more unexpectedly with new renewable energy projects added to studios. This gives a clear policy signal to give more room for expansion of renewable energy in future.
Let us know the opinion of the experts on this entire detail.
Dr Zanguay, chief economist at the Drawworld Envision Research Center, says, “The latest official figures show that China has a much larger solar and wind power capacity increase of 120 GW in the year 2020. However a large proportion of air power-related capacity Made in the year 2019 but implemented in the year 2020. But it is still very clear that the effects of this rapid expansion of renewable energy cannot be underestimated. ”
He goes on to add, “It is clear that the announcement of complete abolition of carbon in the year 2060 is already seeing a change in the expectations and behavior of all stakeholders in the energy sector. It is expected that Despite the characterization caused by the Covid-19 pandemic, the renewable energy sector in China will continue to grow rapidly in the coming years. In this opportunistic approach it is necessary for promotion companies to rapidly improve their system operation and renewable energy. Build your ability to connect faster.”
In his response, Jeanette Bargain, head of India’s largest pension fund Responsible Investment and KLP, says, “China continues to set new records in terms of wind energy capacity building and the country continues to be strong biotier in solar power generation. Has become the most preferred country for foreign investors investing in the energy sector. Global investments are waiting for the forthcoming 14th Five Year Plan and hope to use coal for power generation in a phased manner. Will be over and strong industries related to solar and wind energy will be preferred and with battery storage. They can be super charged. Polluting coal is no longer needed because its options are available and they are developing rapidly.