China’s dramatic plan for switch to renewables – a warning to Australia’s fossil-fuel economy

China just stunned the world with its step-up on climate action – and the implications for Australia may be huge, The Conversation, October 8, 2020, Hao Tan, Associate professor, University of Newcastle, Elizabeth Thurbon, Scientia Fellow and Associate Professor in International Relations / International Political Economy, UNSW, John Mathews, Professor Emeritus, Macquarie Business School, Macquarie University, Sung-Young Kim, Senior Lecturer in International Relations, Discipline of Politics & International Relations, Macquarie School of Social Sciences, Macquarie University

China’s President Xi Jinping surprised the global community recently by committing his country to net-zero emissions by 2060. Prior to this announcement, the prospect of becoming “carbon neutral” barely rated a mention in China’s national policies.
China currently accounts for about 28% of global carbon emissions – double the US contribution and three times the European Union’s. Meeting the pledge will demand a deep transition of not just China’s energy system, but its entire economy.

Importantly, China’s use of coal, oil and gas must be slashed, and its industrial production stripped of emissions. This will affect demand for Australia’s exports in coming decades…….

A renewables revolution

Solar and wind currently account for 10% of China’s total power generation. For China to meet the net-zero goal, renewable energy generation would have to ramp up dramatically. This is needed for two reasons: to replace the lost coal-fired power capacity, and to provide the larger electricity needs of transport and heavy industry…….. https://theconversation.com/china-just-stunned-the-world-with-its-step-up-on-climate-action-and-the-implications-for-australia-may-be-huge-147268