Jakarta, CNBC Indonesia – Chinese President Xi Jinping made an announcement that hit the fossil industry, particularly coal, in front of the United Nations General Assembly on Tuesday (22/9) evening New York time, USA.
Xi, who is also the General Secretary of the Chinese Communist Party, made a new commitment to climate policy to deal with global warming.
During the hearing, Xi emphasized that China would no longer build coal-fired power plant projects abroad.
It has previously been identified through the ‘Belt and Road Initiative’ megaproject funding or Belt and Road Initiative (BRI) or formerly known as project OBOR (One Belt One Road), China has invested in a number of PLTU projects in several developing countries, including Indonesia.
He also promised to accelerate China’s efforts to become “carbon neutral” by 2060, including supporting developing countries to develop green and low-carbon energy.
“We will make every effort to achieve this goal,” he said in a pre-recorded speech.
This decision is in line with China’s ambition to become a leader in the adoption of environmentally friendly renewable energy.
Since the previous US President, Donald Trump, decided to leave the Paris Agreement, China has begun to take a significant role in the efforts of the world community to reduce global warming.
Although Joe Biden, Trump’s successor, has reversed Trump’s decision and rejoined, the US has still not been able to undermine China’s dominance.
The new policy of Xi Jinping and the Chinese government certainly has the support of various countries and fosters optimism in the world community.
Previously, in June 2021 the International Renewable Energy Agency (IRENA) had signed a new memorandum of understanding with China’s Ministry of Ecology and Environment to promote carbon neutrality through renewable energy.
This cooperation will focus on accelerating renewable energy development, enabling China’s pledge to peak carbon emissions by 2030 and achieve carbon neutrality by 2060.
“China is a close partner in accelerating the renewable energy transition nationally and globally,” said Francesco La Camera, Director General of IRENA, in an official statement.
China is a leader in the deployment of renewable energy. By 2020, with nearly 85 GW, China will represent more than 40% of the total global renewable energy distribution.
Currently, China accounts for almost a third of the installed renewable energy capacity worldwide.
IRENA believes that low power costs, mature supply chains, and good quality renewable resources put China in a promising position to use renewable energy as a pillar of its energy system.
IRENA estimates that renewable energy has the potential to supply more than 90% of China’s electricity needs by 2050 with more than 60% sourced from solar and wind.
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