In international circles, the talk on climate change centers around China and the US. With the US climate bill making a sort of history, the latest villain on the block is China with its ‘two coal-fired power plants a week’ agenda!
While it is true that China is relying on fossil fuels largely, what is often glossed over are the steps towards clean energy. In fact, it is among the world leaders in solar, wind, electric and grid technologies. Read the TEC post for impressive details of China’s plans.
At present, approximately 9 percent of its stimulus package is for sustainable development. More is to come by way of $660 billion for new energy developments. Reducing energy intensity and reducing emissions as a result by up to 1 billion tons from 2010, energy efficiency benchmarks for energy consuming firms, rebate for efficient bulbs, replacing old power plants by new efficient ones, its RE law, UHV technology advancement, etc mean huge emission mitigation potential.
In such a scenario, is it fair to demand carbon emission caps? Should a comparison of activities undertaken along with a business as usual scenario be taken into account? Should ‘carbon cap equivalents’ that model emission reductions to a future date be a better option?
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