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Genco Bolaca "China must not launch any coal units to meet its 2060 target"

The 10th International Steel Industry and Production Technologies Conference, which gathered the steel industry together and featured valuable speakers from each other, brought many important issues related to the steel industry to the agenda.

Genco Bolaca "China must not launch any coal units to meet its 2060 target"

In his speech at the conference, Genco Bolaca, Foreign Trade Manager of GALEXSTEEL International, mentioned the carbon emission in China and said, "In order for China to achieve its 2060 target, it should not commission any coal power plants from now on."

"They need to reduce their carbon emissions by about 4% and 6% within 2 years. China has published a 90-page decree on this. China's 2030 target is to commission renewable energy sources. They are currently around 51%. If China realizes its targets, its growth rate will be 6%."

Bolaca also pointed to the costs of renewable energy sources and said that renewable energy is not only beneficial in terms of cost, but also that a 1 million dollar investment in renewable energy provides three times more employment than a 1 million dollar investment in fossil resources."

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SteelRadar Insight - Sayı 1 (Haziran 2024)

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