China CO2 Emissions Fall for 1st Time Since COVID Rebound
Business
Asharq Al-Awsat
China's carbon emissions fell in the third quarter for the first time since its economic recovery from the coronavirus began, new research shows, partly as a result of a clampdown on property development and widespread coal shortages. The world's biggest emitter of greenhouse gases saw CO2 emissions drop by around 0.5% in July-September from a year earlier, Lauri Myllyvirta, lead analyst with the Helsinki-based Centre for Research on Energy and Clean Air (CREA), said. "The drop in emissions could mark a turning point and an early peak in China's total emissions, years ahead of its target to peak before 2030," Myllyvirta said in a report published on Carbon Brief on Thursday. The fall marks a turnaround from an approximately 9% increase in emissions in the first half of 2021, when China's post-COVID-19 economic recovery was in full swing with construction and heavy industrial activity, Reuters said. The last time China's quarterly emissions fell year-on-year was in January-March 2020, when COVID-19 first hit. Although researchers had pointed out that China's major industries could reach carbon peaks by around 2024 and called for a cap on total emissions by 2025, its top climate negotiators did not make any more ambitious pledges in the UN talks in Glasgow that ended earlier this month.
from Asharq AL-awsat https://english.aawsat.com/home/article/3324151/china-co2-emissions-fall-1st-time-covid-rebound
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