But you Knew that.
From Bloomberg:
President Xi Jinping has promised a slow and steady end to the growth of planet-warming emissions in China, with energy security taking top priority as the country contends with a flagging economy and tumult on global fuel markets.
In a two-hour speech to kick off the weeklong Communist Party Congress, Xi said that prudence would govern China’s efforts to peak and eventually zero-out carbon emissions. The cautious wording comes after a spate of high-profile power shortages in recent years, and as global energy costs have soared after Russia’s invasion of Ukraine upended trade flows.
Xi’s speech made China’s path to decarbonization clear: It won’t stop burning fossil fuels until it’s confident that clean energy can reliably replace them. The speech shows more emphasis on energy security and the significant role of coal in China’s energy supply given the resources endowment, said Qin Yan, lead analyst with Refinitiv.
“We will work actively and prudently toward the goals of reaching peak carbon emissions and carbon neutrality,” Xi said in his address. “Based on China’s energy and resource endowments, we will advance initiatives to reach peak carbon emissions in a well-planned and phased way, in line with the principle of getting the new before discarding the old.”....
....MUCH MORE
I may have read too much Xi-think and have started channeling the Chinese dictator-for-life:
...It's
not going to happen on the scale required and the people pitching the
substitution of electric vehicles for internal combustion power have
known this for twenty years. Anyone with a calculator has known this for
twenty years.
As we've pointed out it appears that the ICE
vehicles will be forced off the road before there are replacements, in
exactly the same way that the European energy crisis was created by
making coal, natural gas and in Germany's case nuclear power generation,
illegal before you have a replacement ready to go....
Sept 22
"China urges Europe to take positive steps on climate change"
