World Bank says East Asia can achieve peak greenhouse gas emissions by 2025

In the afternoon of April 19, a New World Bank report found that six energy-consuming countries in East Asia could stabilize greenhouse gas emissions without sacrificing economic growth by 2025.　　This means that China's energy intensity is down 4.3% per cent in the next 20 years, and China's 2020 carbon intensity decline has increased from the current promised emission to 53-55%, Wang, the report's editor-in-chief.　　East Asia needs a net investment of $80 billion a year. "Stabilizing greenhouse gas emissions in 2025" means that greenhouse gas emissions are falling after the maximum amount of greenhouse gas emissions reached by 2025, according to Wang, senior energy expert and report.　　China, Indonesia, Malaysia, the Philippines, Thailand and Vietnam will be able to achieve the triple goal of stabilizing greenhouse gas emissions, strengthening energy security and improving the local environment if they invest heavily in energy efficiency and move towards renewables, the report, entitled "The Wind of Change: the future of sustainable energy in East Asia".　　The report noted that East Asia's GDP growth of 10 times times in the past 30 years, resulting in a twice-fold increase in energy consumption, the next 20 years as the urban population increased 50% and the industrialization process continues, energy consumption is expected to double. The report does two scenarios, one of which is continuing the Government's current policy and the other is the path of lower carbon growth.　　According to a plan to lower the carbon growth path, the report says renewables (including hydro, wind, biomass, geothermal, solar, etc.) can meet a large part of the power demand in East Asia by 2030.　　It is estimated that the East Asian region needs a net investment of $80 billion trillion each year to enter a sustainable energy growth trajectory, compared with 80% of China's investment. Implementation of the report vision China's commitment to the goal is to further enhance China's commitment to the world "by 2020, the carbon intensity of GDP in 2005 to reduce by 40% to 45%".　　But Wang said China could not achieve its maximum greenhouse gas emissions by 2025, with a 40% reduction.　　The report says China needs to reduce its energy intensity by 4.3% per cent a year over the next 20 years to meet the proposed emissions reduction targets under the report's Sustainable energy scenario.　　Wang explained that "reducing energy intensity by 4.3% per year" means that by 2020 China will reduce the carbon intensity of GDP by 53% to 55% per cent in 2005. In addition, China has pledged to achieve a 15% per cent share of fossil energy consumption in 2020, and Wang believes that not only to achieve this goal, but also to continue to achieve in 2030 the proportion of renewable energy consumption to 30%, clean energy generation accounted for 50% of total generating capacity,　　To achieve the proposed emission reduction targets in the report on sustainable energy scenarios. The World Bank recommends seizing the opportunity of urbanization to build low-carbon cities the World Bank senior Energy expert, the report's editor-in-chief Wang said: "The speed and scale of urbanization provides a rare opportunity to build a Low-carbon city." For the necessary energy transformation, technology and policy instrumentsWhat is needed is political will and unprecedented international cooperation to address the need for adequate financing. "To achieve a significant reduction in energy demand and carbon dioxide reduction targets, intelligent urban planning can be carried out according to the compact trend of the city's highly dense space, and the comprehensive utilization design scheme to keep the growth near the urban central area and the traffic corridor to prevent the urban sprawl, the intelligent city planning also needs with the public transportation and the Clean energy (　　such as green buildings and energy-efficient vehicles) goes hand in hand. At the same time, it provides a level playing field between renewables and fossil fuels by adopting fiscal incentives for renewable energy (wind, biomass, small hydro, geothermal and solar) or by taxing fossil fuels.　　This would expand the scale of renewable energy to meet a large part of the electricity demand by 2030. "Developed countries need to transfer large sums of money and Low-carbon technologies. The report says developing countries cannot rely on their own power alone, and they need the support of the international community. Improved energy efficiency and the development of renewable energy sources increase costs and risks, so substantial concessional financing is needed, as are technology transfer and capacity-building. (Huayan from Beijing)