logo
China first-quarter emissions fell despite rising power demand

China first-quarter emissions fell despite rising power demand

Time of India15-05-2025

China first-quarter emissions fell despite rising power demand (AP)
BEIJING: China's emissions fell in the first quarter of 2025 despite rapidly growing power demand thanks to soaring renewable and nuclear energy, a key milestone for world's top emitter, analysis showed Thursday.
The country emits more than twice as much planet-warming greenhouse gases, mainly carbon dioxide, as any other. It plans to peak carbon emissions by 2030 and achieve
carbon neutrality by 2060
.
Beijing has invested heavily in its renewable energy sector, building almost twice as much wind and solar capacity as the rest of the world combined, according to research published last year.
New wind, solar and nuclear capacity meant China's CO2 emissions fell by 1.6 percent year-on-year in the first quarter, and one percent in the 12 months to March, said analyst Lauri Myllyvirta at the Centre for Research on Energy and Clean Air (CREA).
"Growth in clean power generation has now overtaken the current and long-term average growth in electricity demand, pushing down fossil fuel use," Myllyvirta said.
"The current drop is the first time that the main driver is growth in clean power generation."
The analysis is based on official figures and commercial data.
China's emissions have dipped before, but those reductions were driven by falling demand, such as during strict Covid lockdowns in 2022.
This time the drop came despite China's total power demand surging 2.5 percent in the first quarter, said the report published in Carbon Brief.
Power sector emissions fell 5.8 percent in the first quarter, offsetting rises in emissions from coal use in the metals and chemicals industries.
"Renewable energy is now beginning to not only meet China's growing demand but also reduce emissions," said Li Shuo, head of the Asia Society Policy Institute's China Climate Hub.
"This offers hope for an earlier-than-expected peak in China's emissions and should lay the groundwork for an ambitious target in the 2035 nationally determined contribution expected later this year."
Hangs in the balance
But the report cautioned that emissions could rise again if Beijing seeks to stimulate carbon-intensive sectors in response to its trade war with Washington.
China also remains "significantly off track" for a key 2030 target to reduce its carbon intensity, carbon emissions relative to GDP, under the Paris climate agreement.
China pledged to achieve a 65 percent reduction in carbon intensity by 2030 from 2005 levels.
"The future path of China's CO2 emissions hangs in the balance, depending on trends within each sector of its economy, as well as China's response to (US President Donald) Trump's tariffs," Myllyvirta said.
Beijing has agreed to a 90-day pause on sky-high tariffs with Washington, but the shape of a final truce remains unclear.
China has sought to position itself as a leader in combating climate change at a time when Trump is promoting fossil fuel extraction and has withdrawn from multilateral climate agreements.
Last month, President Xi Jinping pledged China's efforts to combat climate change "will not slow down" despite the changing "international situation".
He also said China would announce 2035 greenhouse gas reduction targets, known as Nationally Determined Contributions (NDCs), before COP30 in November, and that it would cover planet-warming gases, not just carbon dioxide.
Despite China's renewable energy boom, coal remains a vital part of its energy mix.
China began construction on 94.5 gigawatts of coal power projects in 2024, 93 percent of the global total, according to a February report by CREA and US-based Global Energy Monitor.
Much of that, however, is expected to be for backup power.
Last month, China said that wind and solar energy capacity had surpassed mostly coal-based thermal capacity for the first time, according to data for the first quarter.
To sustain momentum, China now needs a "paradigm shift", energy think tank Ember said in a report this week, "from chasing 'megawatts' to engineering a 'megasystem'."
The group said China should focus on advanced heating systems for heavy industry, AI-powered smart grids, improved storage for renewable-generating power and carbon removal technology to deal with remaining emissions.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Musk TAPs a third party -- The America Party -- even as he backs down in battle with Trump
Musk TAPs a third party -- The America Party -- even as he backs down in battle with Trump

Time of India

time37 minutes ago

  • Time of India

Musk TAPs a third party -- The America Party -- even as he backs down in battle with Trump

Elon Musk TOI correspondent from Washington: Elon Musk teased America about forming a new political party even as he dialled down from his spat with MAGA President Donald Trump , deleting a series of posts linking him to the late sex trafficker Jeffrey Epstein. The Musk climbdown came after Trump declined to engage in a phone call that mediators tried to initiate between the two, and instead threatened to cut off huge federal loans and subsidies to Musk's companies. "We'll take a look at everything. I look at everything. He's got a lot (of) money. He gets a lot of subsidy. So we'll take a look at that. Only if it's fair. Only if it's fair for him and for the country. I would certainly think about it. But it has to be fair,' Trump told reporters in an oblique hint that Musk could be spared punitive action. Trump also dismissed Musk's threat of forming a new political party based on a poll he ran on X, saying he was happy with his own poll numbers that showed support for him and his policies. In a sketchy poll on X, where Musk has more than 220m "followers" but which is boiling with fake accounts and bots, Musk asked, "Is it time to create a new political party in America that actually represents the 80% in the middle?" The question elicited only 5.6 million online "votes" from 100m views. More than 80 per cent respondents answered in the affirmative. "The people have spoken. A new political party is needed in America to represent the 80% in the middle! And exactly 80% of people agree This is fate," Musk exulted, suggesting the new entity could be called "America Party," although X is hardly representative of US voters or its demographics. Trump wasn't impressed with the online exercise, but he still dialled down from firing back, ostensibly because even a five to ten per cent shift in votes could overturn the GOP majority in both the Senate and Congress in the November 26 midterm elections. Musk also reposted analysis from a strawman whom he frequently cites. "History warns third parties fail. But Elon brings unprecedented resources, platform, and timing. Technology has democratized politics. "The America Party", in it's elegant simplicity, could finally give the 80% what they want: destruction of the swamp, not just new management," Musk frontman Mario Nawfal wrote. While efforts by interested parties to bring about a truce if not reunite the two warring men continue, for now they appear to be circling each other looking for weak spots. Given the low blows they have delivered at each other -- including innuendos about drug use and sex trafficking -- a re-union seems unlikely.

Trump's tariffs could pay for his tax cuts -- but it likely wouldn't be much of a bargain
Trump's tariffs could pay for his tax cuts -- but it likely wouldn't be much of a bargain

Time of India

timean hour ago

  • Time of India

Trump's tariffs could pay for his tax cuts -- but it likely wouldn't be much of a bargain

The tax cuts in President Donald Trump's One Big Beautiful Bill Act would likely gouge a hole in the federal budget. The president has a patch handy, though: his sweeping import taxes - tariffs. The Congressional Budget Office, the government's nonpartisan arbiter of tax and spending matters, says the One Big Beautiful Bill, passed by the House last month and now under consideration in the Senate, would increase federal budget deficits by $2.4 trillion over the next decade. That is because its tax cuts would drain the government's coffers faster than its spending cuts would save money. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kardioloog: Buikvet na je 50e? Stop dit in je schoenen Gezondheidstip By bringing in revenue for the Treasury, on the other hand, the tariffs that Trump announced through May 13 - including his so-called reciprocal levies of up to 50% on countries with which the United States has a trade deficit - would offset the budget impact of the tax-cut bill and reduce deficits over the next decade by $2.5 trillion. So it's basically a wash. Live Events That's the budget math anyway. The real answer is more complicated. Actually using tariffs to finance a big chunk of the federal government would be a painful and perilous undertaking, budget wonks say. "It's a very dangerous way to try to raise revenue," said Kent Smetters of the University of Pennsylvania's Penn Wharton Budget Model, who served in President George W. Bush's Treasury Department. Trump has long advocated tariffs as an economic elixir. He says they can protect American industries, bring factories back to the United States, give him leverage to win concessions over foreign governments - and raise a lot of money. He's even suggested that they could replace the federal income tax, which now brings in about half of federal revenue. "It's possible we'll do a complete tax cut,'' he told reporters in April. "I think the tariffs will be enough to cut all of the income tax.'' Economists and budget analysts do not share the president's enthusiasm for using tariffs to finance the government or to replace other taxes. "It's a really bad trade,'' said Erica York, the Tax Foundation's vice president of federal tax policy. "It's perhaps the dumbest tax reform you could design.'' For one thing, Trump's tariffs are an unstable source of revenue. He bypassed Congress and imposed his biggest import tax hikes through executive orders. That means a future president could simply reverse them. "Or political whims in Congress could change, and they could decide, 'Hey, we're going revoke this authority because we don't think it's a good thing that the president can just unilaterally impose a $2 trillion tax hike,' '' York said. Or the courts could kill his tariffs before Congress or future presidents do. A federal court in New York has already struck down the centerpiece of his tariff program - the reciprocal and other levies he announced on what he called "Liberation Day'' April 2 - saying he'd overstepped his authority. An appeals court has allowed the government to keep collecting the levies while the legal challenge winds its way through the court system. Economists also say that tariffs damage the economy. They are a tax on foreign products, paid by importers in the United States and usually passed along to their customers via higher prices. They raise costs for U.S. manufacturers that rely on imported raw materials, components and equipment, making them less competitive than foreign rivals that don't have to pay Trump's tariffs. Tariffs also invite retaliatory taxes on U.S. exports by foreign countries. Indeed, the European Union this week threatened "countermeasures'' against Trump's unexpected move to raise his tariff on foreign steel and aluminum to 50%. "You're not just getting the effect of a tax on the U.S. economy," York said. "You're also getting the effect of foreign taxes on U.S. exports.'' She said the tariffs will basically wipe out all economic benefits from the One Big Beautiful Bill's tax cuts. Smetters at the Penn Wharton Budget Model said that tariffs also isolate the United States and discourage foreigners from investing in its economy. Foreigners see U.S. Treasurys as a super-safe investment and now own about 30% of the federal government's debt. If they cut back, the federal government would have to pay higher interest rates on Treasury debt to attract a smaller number of potential investors domestically. Higher borrowing costs and reduced investment would wallop the economy, making tariffs the most economically destructive tax available, Smetters said - more than twice as costly in reduced economic growth and wages as what he sees as the next-most damaging: the tax on corporate earnings. Tariffs also hit the poor hardest. They end up being a tax on consumers, and the poor spend more of their income than wealthier people do. Even without the tariffs, the One Big Beautiful Bill slams the poorest because it makes deep cuts to federal food programs and to Medicaid, which provides health care to low-income Americans. After the bill's tax and spending cuts, an analysis by the Penn Wharton Budget Model found, the poorest fifth of American households earning less than $17,000 a year would see their incomes drop by $820 next year. The richest 0.1% earning more than $4.3 million a year would come out ahead by $390,070 in 2026. "If you layer a regressive tax increase like tariffs on top of that, you make a lot of low- and middle-income households substantially worse off,'' said the Tax Foundation's York. Overall, she said, tariffs are "a very unreliable source of revenue for the legal reasons, the political reasons as well as the economic reasons. They're a very, very inefficient way to raise revenue. If you raise a dollar of a revenue with tariffs, that's going to cause a lot more economic harm than raising revenue any other way.''

Fur-taxi and the Furious: How India's pet cabs are rescuing the rides for furry passengers
Fur-taxi and the Furious: How India's pet cabs are rescuing the rides for furry passengers

Time of India

time2 hours ago

  • Time of India

Fur-taxi and the Furious: How India's pet cabs are rescuing the rides for furry passengers

TAIL WINDS Live Events LONG-DISTANCE WOOFS BIG BROTHER STEPS IN (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Maya, a wide-eyed indie with a nervous bark, trembled as the first Diwali crackers burst in the Bengaluru sky last year. Her pet parents, Rahul Chawda and Aarti Karwayun, knew the drill. Like every year, they had booked a pet-friendly stay in the countryside. But as usual, every regular cab they summoned turned back the moment they saw Maya.'Every year, the driver would either cancel or reluctantly allow her in, only to complain later. It was uncomfortable for everyone—driver, dog and us,' says a common story in urban India where pet ownership is climbing steadily. With over 32 million pets today—projected to rise to 51 million by 2028, according to India Brand Equity Foundation—more families are finding themselves stranded with furry dependents and no pet was during Covid-19 lockdowns that Mumbai-based Arpita Sandilya first felt the need for a pet transport service—not for emergencies, but to send rescued dogs to their adoption homes. 'That was my first real trigger, to be honest. I used my own car for rescues, and the idea just grew from there. I thought, why not start a service that helps rescuers and pet parents?' says Sandilya, who now runs a two-car fleet under her venture, TaxiForPaws Like many others in this space, she faces challenges. 'Finding pet-friendly drivers is hard. Not everyone is comfortable around animals or ready to clean the car after each ride.' Her cars are outfitted with blankets, bowls and custom-made dog-seat belts. 'Each trip ends with a deep clean—it is expensive, but essential.'Another Mumbai-based player, SDAASH Pet Cabs, started in 2022 after founder Pranav Lokhande lost his pet when no cab agreed to transport them. 'It cost us dearly,' says Heenal Lokhande , who runs the operations of two modifies its vehicles by removing the front passenger seat to create space for a soft bed. 'Some pets want to be beside their humans; others love their own space,' says TaxiForPaws, each ride of SDAASH is followed by a deep clean, and incidents like vomiting or peeing send the car straight to the wash station. The roadblock it faces is also similar—drivers. 'At times we ride the cab ourselves when drivers do not turn up, because we know the pain of not getting a cab on time.'In Delhi, FurryTaxi has faced similar hurdles. Founder Anurag Tripathi, who started the service with ad-hoc rescues in 2019 and later shifted to a structured service in 2022, now operates eight cars. 'In the past six months alone, we have done long-haul trips to Mumbai, Ahmedabad and Srinagar. It's growing,' says again, the crunch is drivers. 'Drivers must be pet-friendly, trained and calm even when a Rottweiler barks mid-ride.' Each driver goes through a vetting process: 'They accompany me for initial rides, then handle a few with owners onboard, before going solo,' says Tripathi. People use the service for veterinarian visits, boarding stations and airport visits. Pets can travel solo or their pet parents can accompany them in the demand comes from metro cities—Delhi, Mumbai, cross-country journeys, platforms like FidoJet and CarryMyPet are leading the FidoJet started in 2018 when its founders—Rajesh Sharma, Manjeet Swami and Nikhil Khalera—noticed that pets were often shipped like cargo. 'We were pet parents ourselves. Watching animals treated like packages was painful,' says cofounder began with road travel and now offer help with air and rail travel as well. It is supported by over 150 vehicles via vendor networks. Their cars come with booster seats, harness seat belts and non-slip routes are Delhi–Mumbai, Bengaluru–Kochi and Hyderabad–Goa. Pricing ranges from ₹12/km to ₹20/km depending on distance. 'Over 90% of the demand is from metros,' says Khalera. 'But we have handled everything from senior dogs to blind pets. Every case requires planning, patience and empathy.'No story captures this better than that of Dobby, a wheelchair-bound stray adopted during the pandemic. Carry My Pet helped relocate Dobby from Nagpur to Poland. 'The owner had every reason to leave Dobby behind. But she chose love,' says Faisal Islam , cofounder, Carry My Pet. 'We managed her journey across continents, with careful coordination and tailored care.'Carry My Pet, headquartered in Gurgaon, operates on an asset-light model, partnering with logistics firms across India. They offer multimodal pet relocation by air, train and road. Their pricing starts at ₹13/km for cabs, ₹10,000 for relocation via train and ₹25,000 for domestic notes that demand is rising about 10% year-on-year. 'Pet owners today want real-time tracking, transparency and expert help.'But it's not all smooth. Regulatory ambiguity, breed restrictions, lack of pet-friendly rail infrastructure and inconsistent airport facilities still pose hurdles. 'We have relocated thousands of pets with a zero-harm record, but every ride demands precision,' says relocation he recalls is moving a Labrador named Ludo from Delhi to Port of Spain, via a complex, multi-leg route through Miami and the Caribbean. 'It took weeks of planning, but seeing Ludo reunited with his family was worth everything.'Even tech majors are watching. Uber, for instance, has introduced Uber Pet in cities like Mumbai and Bengaluru. Pet parents confirm that while it's a welcome addition, the experience is still inconsistent.'Drivers often are not prepared, and there are no comfortable amenities,' says a Mumbai-based user. 'But it is better than nothing, especially when specialised services aren't available.'India's pet and pet-care market is forecast to double to $7 billion by 2028, according to consulting firm Redseer. As pets take centre stage in urban homes, pet-cab services have shifted from niche novelty to everyday essential

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store