Both U.S. President Joe Biden and Chinese President Xi Jinping made important pledges at the Leaders Summit on Climate in Washington in April. Biden promised that the United States would reach net-zero carbon emissions by no later than 2050; Xi reiterated China’s commitment to achieve carbon neutrality by 2060 (an ambitious target) and insisted that China would begin to cut its coal-fired power generation by 2030. These positive announcements from the leaders of the two biggest carbon polluters together accounting for around 40 percent of global greenhouse gas emissions were encouraging ahead of the critically important UN climate talks in Glasgow in November.
Construction groups set to hit net zero target with new carbon rules tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
China steel market expected to weaken in July amid rising inventories: Platts Analytics
Chinese steel orders, output and prices are all set to soften this month, while inventories will continue to climb due to the seasonally weaker time of year, according to S&P Global Platts Analytics’ China Steel Market Expectations for July.
New orders, production and prices have been given a score of two out of five for July, while inventory was awarded a score of four out of five. The scores range from one (lower) to five (higher) to determine the likely market trends in the coming month.
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Coal-to-Gas Transition a Winning Strategy in Tianjin, China
Reducing fine particulate emissions was a driving factor in the shift from coal to gas at the Junliangcheng power plant in Tianjin, China. Among the other benefits is a reduction in carbon dioxide emissions, which is important as the world’s most populous nation strives to become carbon-neutral before 2060.
Like many countries around the world, China is on a mission to cut back on coal-fired power generation. In fact, in 2020, the portion of China’s installed electric generation capacity that was fueled by coal dipped below 50% for the first time ever. It stood at 49.1% at the end of the year, according to the China Electricity Council.
China s Nuclear Power Dream Needs Urgent Global Attention, Expert Says theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.