Energy security takes precedence over going green immediately, President XI said recently
China Won’t Stop Using Fossil Fuels Until Clean Sources Can Provide Enough Energy Securityresident Xi Jinping has promised a slow and steady end to the growth of planet-warming emissions in China, with energy security taking top priority as the country contends with a flagging economy and tumult on global fuel markets.
Xi’s speech made China’s path to decarbonization clear: It won’t stop burning fossil fuels until it’s confident that clean energy can reliably replace them. The speech shows more emphasis on energy security and the significant role of coal in China’s energy supply given the resources endowment, said Qin Yan, lead analyst with Refinitiv.
China is the world’s largest emitter of greenhouse gases, and Xi electrified climate activists two years ago when he vowed to reach carbon neutrality by 2060 after peaking emissions before 2030. The announcement sparked a massive surge in investment in clean energy by local governments and state-owned firms.
China will also expand exploration and development of oil and gas resources, and increase reserves and production as part of the measures to ensure energy security, according to a congress work report released after Xi’s speech.
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