China could save $1.6 trillion by replacing coal with clean energy, report finds - Printable Version +- Ipoh Community Forums (https://forums.ipoh.com.my) +-- Forum: Environment Protection (https://forums.ipoh.com.my/forum-74.html) +--- Forum: Environment Protection News (https://forums.ipoh.com.my/forum-75.html) +--- Thread: China could save $1.6 trillion by replacing coal with clean energy, report finds (/thread-1395.html)

China could save $1.6 trillion by replacing coal with clean energy, report finds - superadmin - 04-23-2021 There’s a “huge economic incentive” for China to move away from coal, according to a report by financial analytics company TransitionZero. China last year said it aims to achieve carbon neutrality by 2060, but is currently heavily reliant on coal. “There’s a great deal of work that China will still need to do,” said Matthew Gray, co-CEO of TransitionZero. China could stand to benefit economically if it can successfully replace coal with renewable energy, according to a report by financial analytics company TransitionZero. The study looked at the costs, or savings, that the Chinese government would incur if it replaced its existing coal-fired power plants with zero-carbon alternatives. “What we found is China could save $1.6 trillion by doing that,” said Matthew Gray, co-CEO of TransitionZero, a London-based firm. - More -