China Needs to Implement Mandates for Coal Power Phase-Out to Achieve Clean Energy Goals
Importance of Mandates in Coal Power Phase-Out
Implementing a strong mandate to phase out coal power before 2045 could help China reach a positive tipping point, in which clean energy is cheaper than fossil fuels up to three years earlier than expected. This push is essential for Beijing's zero-emission goal by 2060, as outlined by experts like Simon Sharpe, director of S-Curve Economics. He suggests that reallocating investments from fossil fuels towards clean energy-related sectors is crucial.
Recommendations and Regulatory Changes
A recent report from the University of Exeter and the Climate Group insists on the urgency of implementing regulatory mandates globally. Key recommendations include:
- Phase out coal power in developed economies by 2035 and in developing economies by 2045.
- Achieve 100% zero-emission vehicle sales by 2035 and zero-emission trucks by 2040.
- Transition to 100% heat pump sales for heating appliances by 2035.
Challenges and Solutions for a Sustainable Future
While challenges like the lack of long-term energy storage systems persist, transitioning to clean technologies is already in progress globally. Sharpe advocates for introducing a carbon floor price in China to phase out coal effectively, coupled with a capacity-payment mechanism for clean energy technologies. This strategic shift is essential for maintaining energy supply stability while reducing reliance on coal.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.