• 5 hours Permian Still Holds 60-70 Billion Barrels Of Recoverable Oil
  • 10 hours Petrobras Creditors Agree To $6.22 Billion Debt Swap
  • 14 hours Cracks Emerge In OPEC-Russia Oil Output Cut Pact
  • 18 hours Iran Calls On OPEC To Sway Libya, Nigeria To Join Cut
  • 19 hours Chevron To Invest $4B In Permian Production
  • 21 hours U.S.-Backed Forces Retake Syrian Conoco Gas Plant From ISIS
  • 23 hours Iraq Says Shell May Not Quit Majnoon Oilfield
  • 3 days Nigerian Oil Output Below 1.8 Million BPD Quota
  • 4 days Colorado Landfills Contain Radioactive Substances From Oil Sector
  • 4 days Phillips 66 Partners To Buy Phillips 66 Assets In $2.4B Deal
  • 4 days Japan Court Slams Tepco With Fukushima Damages Bill
  • 4 days Oil Spills From Pipeline After Syria Army Retakes Oil Field From ISIS
  • 4 days Total Joins Chevron In Gulf Of Mexico Development
  • 4 days Goldman Chief Urges Riyadh To Get Vision 2030 Going
  • 4 days OPEC Talks End Without Recommendation On Output Cut Extension
  • 4 days Jamaican Refinery Expansion Stalls Due To Venezuela’s Financial Woes
  • 4 days India In Talks to Acquire 20 Percent Of UAE Oilfield
  • 5 days The Real Cause Of Peak Gasoline Demand
  • 5 days Hundreds Of Vertical Oil Wells Damaged By Horizontal Fracking
  • 5 days Oil Exempt In Fresh Sanctions On North Korea
  • 5 days Sudan, South Sudan Sign Deal To Boost Oil Output
  • 5 days Peruvian Villagers Shut Down 50 Oil Wells In Protest
  • 5 days Bay Area Sues Big Oil For Billions
  • 5 days Lukoil Looks To Sell Italian Refinery As Crimea Sanctions Intensify
  • 5 days Kurdistan’s Biggest Source Of Oil Funds
  • 6 days Oil Prices On Track For Largest Q3 Gain Since 2004
  • 6 days Reliance Plans To Boost Capacity Of World’s Biggest Oil Refinery
  • 6 days Saudi Aramco May Unveil Financials In Early 2018
  • 6 days Has The EIA Been Overestimating Oil Production?
  • 6 days Taiwan Cuts Off Fossil Fuels To North Korea
  • 6 days Clash In Oil-Rich South Sudan Region Kills At Least 25
  • 6 days Lebanon Passes Oil Taxation Law Ahead Of First Licensing Auction
  • 7 days India’s Oil Majors To Lift Borrowing To Cover Dividends, Capex
  • 7 days Gulf Keystone Plans Further Oil Output Increase In Kurdistan
  • 7 days Venezuela’s Crisis Deepens As Hurricane Approaches
  • 7 days Tension Rises In Oil-Rich Kurdistan
  • 7 days Petrobras To Issue $2B New Bonds, Exchange Shorter-Term Debt
  • 7 days Kuwait Faces New Oil Leak Near Ras al-Zour
  • 8 days Sonatrach Aims To Reform Algiers Energy Laws
  • 8 days Vitol Ups Cash-for-Oil Deals With Kazakhstan To $5B
The Mysterious Company Behind Kyrgyzstan's Hydro Disaster

The Mysterious Company Behind Kyrgyzstan's Hydro Disaster

Kyrgyzstan’s hydropower drama has reached…

Russia’s Kurdish Pipeline Gamble

Russia’s Kurdish Pipeline Gamble

Rosneft continues to fortify its…

China May Meet Carbon Goals Sooner

China’s may achieve its goal to stop the growth of its carbon emissions before its deadline of 2030 because the country's discharge of carbon dioxide already may be less than reflected in current estimates, according to a new study.

Beijing hasn’t reported on the level of its CO2 emissions for 2014, but outside groups estimate it at between 9 billion and 10 billion metric tons. As China continues to invest in its economy, that figure is expected to grow to as high as 20 billion metric tons.

But any estimates of growth are meaningless if they’re based on an inaccurate reading of the current level of emissions, according to Dabo Guan, a climate specialist at Britain’s University of East Anglia, one of the 24 authors of the study, published Aug. 19 in the journal Nature. “Without an accurate baseline, any target will become a number-crunching game,” he told Reuters.

Related: This JV Could Trigger A Shale Boom In An Unexpected Venue

In fact, the study says, current estimates are overestimating CO2 discharges from China in 2013 by between 10 percent 14 percent because they a formula to gauge the emissions that doesn’t apply to China because of the lower-quality coal it uses, which contains 40 percent less carbon than coal used elsewhere.

Based on that information, the authors of the Nature study conclude that China’s emissions for 2013 were more like 9.13 billion metric tons, below the estimates by the European Union’s Emissions Database for Global Atmospheric Research (EDGAR) and the energy giant BP.

The Nature paper said researchers carefully analyzed many of the kinds of coal used throughout China, gauging the quality of its combustibility and its carbon content, according to Steven J. Davis of the University of California at Irvine, one of authors of the study.

Related: Oil Price Collapse Triggers Currency Crisis In Emerging Markets

“We measured thousands of samples of coal from mines across China and found that the carbon content of the coal being burned in China is actually much lower than what has been assumed in previous estimates of emissions,” Davis told The New York Times in an e-mail.

Arriving at accurate estimates is likely to be a key topic at negotiations scheduled for December in Paris about reaching a new global agreement on limiting emissions so that each participating countries can have a better idea about how much it must reduce its own CO2 discharges.

The most recent year for which Beijing has published an official estimate of its carbon emissions was 2005, when it said it discharged about 7.47 billion metric tons. An update, with estimates through 2010, is expected next year.

Related: Why Water Is More Important To Iran’s Future Than Oil

Despite the discovery of an apparent overestimate of China’s CO2 emissions, Guan says China still has a lot of hard work ahead to meet its goal on emissions. “China is still the largest emitter in the world,” he said in a separate interview with The Times. “But it shows we need to know a more accurate base line for emissions, not only for China but also for the other emissions giants.”

In 2006 China passed the United States as the world’s biggest air polluter. It now discharges nearly twice as much CO2 than Americans do, and its emissions account for more than one-fourth of the total CO2 being discharged globally.

By Andy Tully Of Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News