China’s carbon emissions have flatlined over the past six months and there’s now an opportunity for substantial declines over the next decade, analysts say.
The rapid growth in clean energy generation has been sufficient to offset a recent surge in power demand caused by higher air conditioning use amid late-summer heatwaves, and the government’s manufacturing push, according to an analysis by Lauri Myllyvirta of the Centre for Research on Energy and Clean Air (CREA).
China’s carbon emissions fell by 1% in the second quarter of 2024 and were flat in the third quarter, providing another indication that emissions may have already peaked.
This is largely because solar power output was up 44% in the three months to end-September, compared to a year before, while wind power generation grew 24%. In the first nine months of 2024, China installed 161GW of new solar capacity and 39GW of wind, per CREA data.
For emissions to post a decline in 2024 as a whole, there will need to be a 2% reduction in the fourth quarter, Myllyvirta’s calculations show. That’s probable if power demand growth cools as expected and hydro plants perform in line with historical averages, he wrote in a post on X, adding that over the entire summer period, clean energy expansion covered all electricity demand growth.
“If the current downturn in China’s emissions is sustained — with emissions falling in the second quarter and stable in the third quarter — that would open the door to the country beginning to reduce emissions much faster than its current commitments require.
“This would have enormous significance for the global effort to avoid catastrophic climate change, as China’s emissions growth has been the dominant factor pushing global emissions up for the past eight years since the signing of the Paris climate agreement.”
Based on current trends and targets, CREA expects China’s emissions will decline 30% by 2035. The International Energy Agency says emissions will fall 24% by then based only on stated policies, but that could be raised to 45% if the country follows a pathway that’s consistent with its long-term carbon neutrality target.
For the time being, Chinese policymakers are setting relatively unambitious targets, and “it’s vital that future targets reflect ongoing clean energy trends to avoid locking in lower ambitions,” Myllyvirta said.
Tags: China, Renewables, Solar, Wind power