Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Traditional

HOME > Industry


Falling renewable energy costs enable new options for greening industry: report

November 10, 2017


Abstract : 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.

能源报告发布会

 

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.


Related Coverage

Focus

Think Tank

  • Closing the Financing Gap in Asian Infrastructure

    July 13, 2018

    The Asian Development Bank in 2017 estimated that the infrastructure investm...

  • Global Fashion Industry Index - Fashion Week Vitalit...

    June 26, 2018

    The “global fashion industry index” is compiled to accurately measure the ...

  • EU's new GDPR privacy law could both hurt and benefi...

    June 14, 2018

    On May 25, the EU implemented what has been characterized as the strictest s...

  • China must nurture home-grown talent to catch up wit...

    June 13, 2018

    India's advantages in nurturing talent and in language makes it easier for I...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial