To the Board of Directors of China Resources Power Holdings Company Limited We have been engaged by the Board of Directors of China Resources Power Holdings Company Limited (the Company ) to perform a limited assurance engagement in relation to the selected data listed below and identified with an asterisk [ ] on page 77 to 79 (the Selected Sustainability Information ) in the Company s Sustainability Report for the year ended 31 December 2020 (the 2020 Sustainability Report ). Selected Sustainability Information Selected Sustainability Information# Nitrogen Oxides (NOx) emissions rate (g/kWh) Sulphur Dioxide (SO2) emissions (kt) Sulphur Dioxide (SO2) emission rate (g/kWh) Particulates emissions (kt) Installation rate of desulfurization device in coal-fired thermal power plants (%)
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Singapore China is set to cap coal consumption in 2021 by reducing it to less than 56% of the country s total energy mix, while planning to boost domestic oil and gas output a set of targets that are deemed easy to meet when overall consumer energy demand recovers from the pandemic-induced economy, industry and market analysts said.
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China s National Energy Administration on April 22 released the annual Energy Work Guidance for 2021, which aims to manage energy security risks and achieve energy transition to meet the targets of peak carbon emissions by 2030 and carbon neutrality by 2060. The guidelines covered energy structure, supply security, energy efficiency, technology innovation and electricity market reform.
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China’s Green Energy Capacity Set to Top Coal by Year’s End
The world’s largest coal consumer plans to scale up renewable energy use in the coming decade as part of ambitious pledges to bring its carbon dioxide emissions to a peak by the end of the decade. Photo: VCG
China could have the capacity to generate more electricity from non-fossil fuel sources than from burning coal by the end of this year, a major trade group has said, as the Asian nation’s bold climate pledges drive a flood of investment into clean energy.
The world’s largest greenhouse gas emitter is expected to have installed about 1,120 gigawatts (GW) of generation capacity based on non-fossil fuels such as hydropower as well as wind and solar power by the end of 2021, according to a report published Friday by the China Electricity Council (CEC).
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The targets of carbon peak and carbon neutrality have been added to China s overall plan for ecological conservation. We are now making an action plan and are already taking strong nationwide actions toward carbon peak. Support is being given to peaking pioneers from localities, sectors and companies, Xi said. China will strictly control coal-fired power generation projects, and strictly limit the increase in coal consumption over the 14th Five-Year Plan period and phase it down in the 15th Five-Year Plan period, he added.
China s 14th Five-Year Plan spans 2021-2025 and the 15th Five-Year Plan spans 2026-2030. Platts Analytics believes Chinese coal-fired power generation will peak by 2027, so two years later than what President Xi announced. The announcement of it tapering off in the 15th Five-year plan is consistent with our view [after 2030], said Matthew Boyle, Lead Analyst for Global Coal & Dry Bulk Freight at S&P Global Platts Analytics.
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