Published on : Apr 20, 2015
China has been taking some efforts to scrap some of its small-sized coal plants which will avoid releasing about 11.4 million metric tons every year of carbon dioxide which was warming the climate and helping the whole nation with reduced emissions. This reduction will be for the first time in almost a decade.
This impact is a hint of what is going to happen in China which will push for a cap on coal industry and further results in shutting the dirtiest coal- burning plants. In 2014, China has scrapped around 3.3 gigawatts of the facilities, as per statement in March given by the National Bureau of Statistics.
As per the estimations provided by a Beijing- based analyst of Bloomberg New Energy Finance, Sophie Lu, the tremendous reduction in the green-house gases will assume maximum portion of the capacity which was down as it was not able to maintain the current standards and it further anticipates that the plants every year used around 5.2 million tons of coal and produced 2.2 million tons of carbon emissions which was per million ton of coal.
A Shanghai-based analyst of Yuanta Securities HK Co, Sun Weifeng stated that China has been tightening its regulation for environmental protection and has been taking rigid measures to shut most of the small plants which are not able to maintain with the standards for the environment. Further these plants are replaced with the less- polluting larger plants. Weifeng further added that this may not have a very substantial impact in the short run but it will be very helpful on a long term basis.