Wealthandsociety10 Feb, 2021Finance
According to the Climate Action Tracker (CAT), China is the world’s largest greenhouse gas (GHG) emitter, accounting for approximately 27% of global GHG emissions, excluding land use, land-use change and forestry. Rather than declining, greater fossil fuel consumption drove an estimated 2.3% increase in Chinese carbon dioxide (C02) emissions in 2018 and 4% in the first half of 2019, marking a third year of growth. China’s coal-powered capacity reached 2045GW of energy, with a further 200GW under construction and a whopping 300GW additional capacity planned, CAT recorded in 2019, despite the cost competitiveness of renewables and reports of huge losses for coal-powered factories across the nation.
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