China Is Full Steam Ahead With New Coal Plants As The West Goes Green
China Approved the equivalent of two large new large Coal Every week, plants were planted in the United States last year, even though the United States and other Western nations had priority Renewable energy.
The Russian invasion of Ukraine and the persistent supply chain bottlenecks have caused global energy prices to rise. In response, Chinese authorities approved 106 gigawatts worth of new coal power plants in 2022. This is more than quadrupling what was approved in 2021. Analysis From the Centre for Research on Energy and Clean Air.
“Coal power plant permitting, construction starts and new project announcements accelerated dramatically in China in 2022, with new permits reaching the highest level since 2015,” The clean energy organisation stated. “The coal power capacity starting construction in China was six times as large as that in all of the rest of the world combined.”
The United States has seen developers move away from coal in the interim: Nearly 25% of America’s 201 gigawatts (or coal power) capacity is expected to be retired by 2029. Data From the Energy Information Administration. As of September 2022, no companies have reported any plans to build new coal plants.
This decline in coal power is due to the increasing availability of natural gas and the Biden administration’s incentives to encourage growth in the renewable energy sector. The Inflation Reduction Act approved $369 billion worth of climate subsidies and initiatives. It was signed into law by President Joe Biden. Signed The law was made last year to combat “the existential crisis of climate change.”
Others in the West have also stressed the need to transition towards renewable energy. This priority has been challenged by rising power costs. European Commission President Ursula von der Leyen admitted Although she acknowledged that there are some factors responsible for the increased cost pressures on the continent, such as low hydropower generation and low river capacity, the majority of them can be attributed to the low level of hydropower generation. “effects of climate change” They are to blame for the low water level.
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Germany reversed its reliance on coal last year, as natural gas prices rose more than expected. Tenfold Comparable to normal levels, as a result of Russia’s decrease in natural gas exports into the European Union. France and Spain are among the countries that have asked for or requested information. Mandatory Residents encouraged to cut their energy consumption. The United Kingdom has approved expensive stimulus There are measures that can be taken to help citizens cope with their rising electricity bills.
According to a 2018 study, China was responsible for 26.1% global greenhouse gas emissions. Data According to the International Energy Agency (IEA), this figure surpasses the 13.4% global emissions from the United States and 7.6% worldwide emissions from members of the European Union. Skeptics have criticized governments that encourage the transition to renewable energy. Observed The West’s emissions declines are being outpaced by higher China and India emissions.
“Hundreds of brand-new coal power plants will make meeting China’s climate commitments more complicated and costly. The politically influential owners of the plants have an interest in protecting their assets and avoiding a rapid build-out of clean energy and a phase-out of coal,” Recognized the Centre for Research on Energy and Clean Air “The continued addition of new coal power capacity implies insufficient emphasis on overcoming the power system and power market constraints that perpetuate dependence on coal.”
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