November 10, 2017 08:51
BEIJING, Nov. 9 (Xinhua) -- The rapid cost reductions in renewable energy such as solar and wind power have opened a new range of possibilities to cut industrial carbon emissions, a report on renewable energy showed Thursday.
Reducing long-term greenhouse gas emissions of the industrial sector is one of the toughest challenges for energy transition, said the report by the China Economic Information Service (CEIS), an affiliate of Xinhua News Agency, and the International Energy Agency (IEA).
Cement, iron, steel and chemicals will be responsible for the bulk of industrial emissions in 2050, said IEA analyst Cedric Philibert, writer of the report.
To increase the use of renewables in the industrial sector, the report pointed out that the recent fall in costs of solar photovoltaics (PV) and wind power may create new options for greening the industry, either directly from electricity or through the production of hydrogen-rich chemicals and fuels.
While electrification can better integrate renewables into the power grid, hydrogen-rich chemicals that are easy to store and transport could serve as feedstock, process agents and fuel, according to the report.
The hydrogen-rich chemicals can be produced in areas with abundant resources and shipped to consuming centers, opening the prospects for a new kind of international energy trade, the report added.
The report also examined emerging technology options, as well as national and international policies that encourage development of renewable energy.
China is a major source of industrial emissions, but a staunch supporter of renewable energy.
According to the government's 2016-2020 plan, renewable energy could supply 1.9 trillion kilowatt-hours of electricity, accounting for 27 percent of total power generation by the end of 2020.
- •China has huge potential in developing renewable energy for industry, IEA expert
- •IEA report: organic materials promising alternatives for petrochem products
- •IEA report: green electricity could produce ammonia at competitive cost
- •Renewable Energy for Industry considers more options to reduce energy and process CO2 emissions
- •IEA report: uptake of renewables as possible way to reduce carbon emissions in industry
- 1 BYD signs deal to build cross-sea monorail in Brazil
- 2 Commentary: Let China, U.S. meet each other half way to reach trade deal
- 3 New round of China-U.S. trade talks starts in Beijing
- 4 China's bond market expected to bring in USD750-850 bln overseas inv't in coming 5 yrs
- 5 China-aided state house handed over to Burundi
- 6 Economic Watch: Greater Bay Area to propel China's opening-up, quality drive
- 7 China to strengthen Belt and Road cooperation in developing Greater Bay Area
- 8 China issues guideline on reinforced financial support to private enterprises
- 9 China PBOC unlikely to cut benchmark deposit and loan interest rates in short term
- 10 NASA satellite data verify China's contribution to global greening efforts