Friday, February 21, 2020

"Coronavirus has temporarily reduced China’s CO2 emissions by a quarter"

Not too hard to see this one coming.
Feb. 13
IEA: "Global CO2 emissions in 2019" (China to claim leadership in cutting emissions in Q1 2020)

https://www.nouvelordremondial.cc/wp-content/uploads/2020/01/corona-mao.jpg

And from Carbon Brief , February 19:
As China battles one of the most serious virus epidemics of the century, the impacts on the country’s energy demand and emissions are only beginning to be felt.

Electricity demand and industrial output remain far below their usual levels across a range of indicators, many of which are at their lowest two-week average in several years. These include:
  • Coal use at power stations reporting daily data at a four-year low.
  • Oil refinery operating rates in Shandong province at the lowest level since 2015.
  • Output of key steel product lines at the lowest level for five years.
  • Levels of NO2 air pollution over China down 36% on the same period last year.
  • Domestic flights are down up to 70% compared to last month.
All told, the measures to contain coronavirus have resulted in reductions of 15% to 40% in output across key industrial sectors. This is likely to have wiped out a quarter or more of the country’s CO2 emissions over the past two weeks, the period when activity would normally have resumed after the Chinese new-year holiday. (See methodology below.)

Over the same period in 2019, China released around 400m tonnes of CO2 (MtCO2), meaning the virus could have cut global emissions by 100MtCO2 to date. The key question is whether the impacts are sustained, or if they will be offset – or even reversed – by the government response to the crisis.
Initial analysis from the International Energy Agency (IEA) and Organization of the Petroleum Exporting Countries (OPEC) suggests the repercussions of the outbreak could shave up to half a percent off global oil demand in January-September this year.

However, the Chinese government’s coming stimulus measures in response to the disruption could outweigh these shorter-term impacts on energy and emissions, as it did after the global financial crisis and the 2015 domestic economic downturn....
....MUCH MORE
counter