> When the heads of government meet in Glasgow on Sunday for the UN Climate Change Conference, all eyes will be on China. The country now emits more than twice as much greenhouse gas as the USA, the world’s second largest emitter. However, it is still unclear whether President Xi Jinping will even attend the meeting.
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> The People’s Republic wants to become climate-neutral by 2060, according to the announcement. A study by the Centre for Research on Energy and Clean Air (CREA) and the financial service “Bloomberg” illustrates how enormous the challenge is. According to the study, CO₂ emissions in the country with 1.4 billion inhabitants are so enormous that individual companies exceed the emissions of entire countries every year.
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>
> **-The steel manufacturer China Baowu emits 211 million tonnes of CO₂ into the atmosphere, more than Belgium and Austria combined**.
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> **-The construction company CNBM has a CO₂ footprint of 255 million tonnes, which is similar to that of France.**
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> **-The energy company Huaneng Power, with 317 million tonnes, comes close to the emissions of Great Britain**
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> **-Car maker SAIC produces 158 million tonnes, similar to Argentina’s CO₂ footprint**
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> **-The oil and petrochemical company Sinopec emits 733 million tonnes, more than Spain and Canada combined. Oil producer Canada itself ranks 11th among countries with the highest greenhouse gas emissions.**
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> That is just a sample of the list. Many companies in the energy, steel, cement and oil sectors have an equally long way to go to reduce their emissions to zero in the long term, CREA expert Lauri Myllyvirta told Bloomberg. They need to align their investments and business plans with climate targets, he added.
>
> The Chinese government will soon present a concrete roadmap on how to reduce emissions in the country. However, they are still to be allowed to rise until 2026 and only fall thereafter. Beijing points out that the rich industrialised countries are responsible for the majority of emissions in the atmosphere and have problems reducing CO₂ emissions themselves.
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> **”Without China, no way to the 1.5 degrees”.**
>
>
> While head of state Xi Jinping announced in September that he would not build any more coal-fired power plants in other countries in the future, the situation is different in his own country. China can produce coal itself, which reduces its dependence on energy exports. On the other hand, the country is a global leader in the development of renewable energies – solar and wind power are also cheaper.
>
> The country’s five largest energy suppliers, the so-called Big Five, have committed to reducing their emissions from 2025. Nevertheless, new coal-fired power plants continue to be built. The building boom and the construction of entire cities is also colouring the climate balance sheet deep red, because steel and cement are needed for this.
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> “Without China, there is no plausible way to limit the global temperature increase to 1.5 degrees,” says the International Energy Agency (IEA). The country is responsible for one third of CO₂ emissions. These would continue to rise, but “a peak before 2030 is in sight”. The sooner this happens, the greater the chances that China will become climate neutral in time.
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>
> .
Just Rename the Company to Spainopec, Problem solved.
2 comments
> When the heads of government meet in Glasgow on Sunday for the UN Climate Change Conference, all eyes will be on China. The country now emits more than twice as much greenhouse gas as the USA, the world’s second largest emitter. However, it is still unclear whether President Xi Jinping will even attend the meeting.
>
> The People’s Republic wants to become climate-neutral by 2060, according to the announcement. A study by the Centre for Research on Energy and Clean Air (CREA) and the financial service “Bloomberg” illustrates how enormous the challenge is. According to the study, CO₂ emissions in the country with 1.4 billion inhabitants are so enormous that individual companies exceed the emissions of entire countries every year.
>
>
> **-The steel manufacturer China Baowu emits 211 million tonnes of CO₂ into the atmosphere, more than Belgium and Austria combined**.
>
> **-The construction company CNBM has a CO₂ footprint of 255 million tonnes, which is similar to that of France.**
>
> **-The energy company Huaneng Power, with 317 million tonnes, comes close to the emissions of Great Britain**
>
> **-Car maker SAIC produces 158 million tonnes, similar to Argentina’s CO₂ footprint**
>
> **-The oil and petrochemical company Sinopec emits 733 million tonnes, more than Spain and Canada combined. Oil producer Canada itself ranks 11th among countries with the highest greenhouse gas emissions.**
>
>
> That is just a sample of the list. Many companies in the energy, steel, cement and oil sectors have an equally long way to go to reduce their emissions to zero in the long term, CREA expert Lauri Myllyvirta told Bloomberg. They need to align their investments and business plans with climate targets, he added.
>
> The Chinese government will soon present a concrete roadmap on how to reduce emissions in the country. However, they are still to be allowed to rise until 2026 and only fall thereafter. Beijing points out that the rich industrialised countries are responsible for the majority of emissions in the atmosphere and have problems reducing CO₂ emissions themselves.
>
> **”Without China, no way to the 1.5 degrees”.**
>
>
> While head of state Xi Jinping announced in September that he would not build any more coal-fired power plants in other countries in the future, the situation is different in his own country. China can produce coal itself, which reduces its dependence on energy exports. On the other hand, the country is a global leader in the development of renewable energies – solar and wind power are also cheaper.
>
> The country’s five largest energy suppliers, the so-called Big Five, have committed to reducing their emissions from 2025. Nevertheless, new coal-fired power plants continue to be built. The building boom and the construction of entire cities is also colouring the climate balance sheet deep red, because steel and cement are needed for this.
>
> “Without China, there is no plausible way to limit the global temperature increase to 1.5 degrees,” says the International Energy Agency (IEA). The country is responsible for one third of CO₂ emissions. These would continue to rise, but “a peak before 2030 is in sight”. The sooner this happens, the greater the chances that China will become climate neutral in time.
>
>
> .
Just Rename the Company to Spainopec, Problem solved.