Energy Singularity
Selected information on refinery & chemical plants and market information in the energy industry. News that matters.
Technology articles on mankind's race towards energy singularity. A perspective.
 

 

Energy singularity means a point where our source of energy is almost infinite, coming from the renewable sources and completely accessible to everyone on the planet.

11 January 2008

China Joins the World for Carbon Reduction

Unlike some of the developed countries who disregard the importance of working together for carbon emission reduction, China plans to reduce emission levels by 10% between 2006 and 2010. 10% is considered as a big number for carbon emission reduction especially for a country that is developing at a rapid pace. China's use of renewable fuels would be expected at 15% by the year 2020, predicted by the National Development and Reform Commission (NDRC).

To achieve this, analysts are expecting some tighter automobile standards to reduce carbon emissions from
cars, and to encourage the research and development of hybrid and environmentally friendly cars.

China has achieved almost 2% carbon reduction last year from law enforcement and economic incentives alone. However, the country's biggest concern is still on the table: China's heavy dependency on oil and gas for expansion of growth. China domestic supplies of fossil fuels such as coal is high, however that is most likely due to low access and per-capita use of these fuels across the nation. The country has no choice but to join the wagon of oil diggers to develop sources of crude oil in the nation, even though costs associated with exploring oil is extremely high at present.

No comments:

Post a Comment