• 5 minutes Trump will capitulate on the trade war
  • 7 minutes China 2019 - Orwell was 35 years out
  • 12 minutes Glory to Hong Kong
  • 15 minutes ABC of Brexit, economy wise, where to find sites, links to articles ?
  • 3 hours Peaceful demonstration in Hong Kong again thwarted by brutality of police
  • 2 hours Here's your favourite girl, Tom!
  • 14 hours Civil Unrest Is Erupting All Over The World, But Just Wait Until America Joins The Party...
  • 10 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 7 hours Nigeria Demands $62B from Oil Majors
  • 2 hours Canada Election Deadlock?
  • 15 hours Australian Hydroelectric Plant Cost Overruns
  • 11 hours China's Blueprint For Global Power
  • 2 hours IMO 2020:
  • 2 hours Clampdown on Chinese capital flight is shutting down their commercial construction in US
  • 14 hours Ford Planning Huge North American Charging Network
  • 7 hours Deepwater GOM Project Claims Industry First
  • 1 day Bloomberg: shale slowing. Third wave of shale coming.
U.S. Sanctions Have Oil Markets On Edge

U.S. Sanctions Have Oil Markets On Edge

The frequency with which the…

The End Of The Asian Oil Product Glut

The End Of The Asian Oil Product Glut

Trafigura, one of the world’s…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Trade War Could Undermine China’s Emission Reduction Targets 

China shale

The Chinese economy has come under pressure from the U.S.-China trade war which has made tacking climate change more difficult for Beijing, a senior official said on Friday, noting that China won’t be able to meet its emissions reduction goals years ahead of schedule.

“With the economy under downward pressure, the country has to take more measures to guarantee employment and the people’s livelihood,” Reuters quoted Li Gao, head of the climate change office at the Chinese Ministry of Ecology and Environment, as telling reporters on the sidelines of a news conference.

“Some of those measures may not fit our effort to tackle climate change,” Li added.

According to the official, external factors such as the U.S.-China trade war have negatively impacted global economy and have raised uncertainties about the future pace of economies, making it more difficult for Beijing to invest in measures to help curb global warming.  

China’s greenhouse gas emissions jumped by 53.5 percent in the decade between 2005 and 2014, according to Chinese government figures that Beijing is obliged to report as a signatory to the United Nations Framework Convention on Climate Change.

Chinese greenhouse gas emissions hit 12.3 billion tons in 2014, which was a more than 50-percent surge compared to emissions in 2005, the figures, cited by Reuters, showed in July.  

Carbon emissions data from China, the world’s largest greenhouse gas emission producer, is opaque, but the country has to regularly report data to the United Nations. China has previously reported carbon emission data for 2005 and 2010.  

China has pledged that its total CO2 emissions would peak around 2030 and its carbon intensity would fall sharply by then. Last month, Chinese media reported that China is vowing to continue its efforts to fight climate change and boost energy saving and speed up emissions reduction.

By Tsvetana Paraskova for 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
Download on the App Store Get it on Google Play