China is the world's biggest carbon dioxide emitter, accounting for 31 per cent of the amount generated globally last year.
The country's CO2 emissions from energy and cement production rose about 4 per cent in 2023, helping total worldwide emissions increase by 1.1 per cent to a high of 36.8 billion tonnes of CO2, the Global Carbon Budget initiative reported.
So steps taken by China, which until recently was the world’s most populous nation, are key to long-term efforts to combat climate change.
When it comes to containing emission levels, as China goes, so goes the world.
"What China’s emissions do is responsible for global emissions," said Asher Minns, executive director of the Tyndall Centre for Climate Change Research at the University of East Anglia in the UK.
"When China peaks in emissions, that completely influences the peak of global emissions, as it is the highest-emitting country."
Mr Minns said "absolutely much more" needs to be done to limit global emissions if the world is to meet its climate targets and avoid the worst effects of climate change.
Have China’s CO2 emissions already peaked?
The signs so far are that China’s CO2 emissions this year could be lower than those of 2023, according to Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air and senior fellow at the Asia Society Policy Institute.
Numerous factors are at play, notably China’s investments in renewable energy technology such as solar and wind, which have caused the share of China’s energy-generating capacity from fossil fuels to fall.
Analysis published by Carbon Brief indicated that coal generated a record low of 53 per cent of China’s electricity in May, down seven percentage points on a year earlier. The same month, clean energy generated 44 per cent of China’s electricity, the highest-ever figure.
"It's highly likely that China's emissions will fall this year because of the huge amount of clean-energy capacity that has been installed last year and this year," Mr Myllyvirta said.
"We'll continue to see big increases in power generation from clean sources, which will displace the growth in coal-fired power generation.
"There's also the ongoing fall in consumption of oil products aided by the shift to electric vehicles, and the construction sector continues to contract, so the production of steel and cement, the two most highly emitting commodities or industrial products in China, is falling."
In March, China’s monthly year-on-year CO2 emissions fell for the first time since an increase lasting more than a year began after Covid-19 restrictions were lifted.
Just as China’s emissions from power generation and industry may have peaked last year, so may those of the world as a whole.
Will China’s CO2 drop continue?
When it comes to China’s carbon emissions, not all forces are pushing in the same direction, Mr Myllyvirta indicated.
Local governments and many state-owned enterprises in the country were, he said, "very enthusiastically and aggressively" pursuing clean energy projects, even if some regulators were less ambitious.
China’s State Council, the country’s key executive body, is giving "renewed attention" to reducing CO2 emissions, so current trends are likely to continue for at least the next couple of years.
One caveat relates to China’s heavy investment in coal-fired power stations.
The Global Energy Monitor reported in April that China was responsible for 95 per cent of new coal power construction last year, having begun work on 70 gigawatts of capacity.
"China's been building a lot of coal-fired power plants as a back up ... to make sure there's enough generating capacity at times when demand is peaking and output from wind and solar is slow," Mr Myllyvirta said.
"The owners of those power plants of course have an interest in preserving the role of coal in the power system and that's likely to result in pushback against the clean energy growth."
Another key issue is how China’s economy evolves. The country’s economic growth has involved the expansion of energy-intensive industries, causing total energy consumption to increase significantly.
If the economy pivots towards "higher value-added sectors and services" and household consumption, Mr Myllyvirta said, growth in energy consumption may moderate, making it easier to meet increases in demand with clean energy.
Could other greenhouse gases derail China's progress?
Recent Massachusetts Institute of Technology (MIT) research sparked headlines by indicating that China was releasing larger quantities of gases much more powerful than CO2 at causing climate change.
In two studies, scientists found big increases in the release during the 2010s of perfluorocarbons, which have global warming potential that, MIT stated, is "thousands of times that of CO2".
They are also very persistent, remaining in the atmosphere for tens of thousands of years, unlike methane, for example, which lasts only about 10 years.
Emissions of tetrafluoromethane and hexafluoroethane, which are generated during aluminium smelting, jumped 78 per cent, while those of perfluorocyclobutane, created as a by-product in factories that generate a chemical used in non-stick cookware coatings, went up by 70 per cent.
China accounted for the majority of the global increase in the release of these gases, according to MIT.
Mr Myllyvirta said it was "really important" for China to include gases other than CO2 in its future climate targets.
Beijing should also, he said, confirm that the country’s commitment to reach net zero by 2060 covers all greenhouse gases, not only CO2.
"There’s a lot of potential for reducing these emissions in the short term. China can make a lot more progress over the next decade if all of these different gases are covered," Mr Myllyvirta said.
Nonetheless, he said the global warming effect of tetrafluoromethane and hexafluoroethane, while "significant", was relatively modest when compared to China’s other emissions.
"The emissions of those two gases are about 0.5 per cent of China's total," he said.
Even if China’s and the world’s emissions from energy generation and industry have peaked, the planet remains far off achieving a 45 per cent reduction in greenhouse gas emissions by 2030, said to be needed if global temperature increases are to be kept within 1.5°C of pre-industrial levels.
Eight countries with net-zero emissions - in pictures
The low down
Producers: Uniglobe Entertainment & Vision Films
Director: Namrata Singh Gujral
Cast: Rajkummar Rao, Nargis Fakhri, Bo Derek, Candy Clark
Rating: 2/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
McLaren GT specs
Engine: 4-litre twin-turbo V8
Transmission: seven-speed
Power: 620bhp
Torque: 630Nm
Price: Dh875,000
On sale: now
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
Six things you need to know about UAE Women’s Special Olympics football team
Several girls started playing football at age four
They describe sport as their passion
The girls don’t dwell on their condition
They just say they may need to work a little harder than others
When not in training, they play football with their brothers and sisters
The girls want to inspire others to join the UAE Special Olympics teams
8 traditional Jamaican dishes to try at Kingston 21
- Trench Town Rock: Jamaican-style curry goat served in a pastry basket with a carrot and potato garnish
- Rock Steady Jerk Chicken: chicken marinated for 24 hours and slow-cooked on the grill
- Mento Oxtail: flavoured oxtail stewed for five hours with herbs
- Ackee and salt fish: the national dish of Jamaica makes for a hearty breakfast
- Jamaican porridge: another breakfast favourite, can be made with peanut, cornmeal, banana and plantain
- Jamaican beef patty: a pastry with ground beef filling
- Hellshire Pon di Beach: Fresh fish with pickles
- Out of Many: traditional sweet potato pudding
Challenge Cup result:
1. UAE 3 faults
2. Ireland 9 faults
3. Brazil 11 faults
4. Spain 15 faults
5. Great Britain 17 faults
6. New Zealand 20 faults
7. Italy 26 faults
UAE squad
Esha Oza (captain), Al Maseera Jahangir, Emily Thomas, Heena Hotchandani, Indhuja Nandakumar, Katie Thompson, Lavanya Keny, Mehak Thakur, Michelle Botha, Rinitha Rajith, Samaira Dharnidharka, Siya Gokhale, Sashikala Silva, Suraksha Kotte, Theertha Satish (wicketkeeper) Udeni Kuruppuarachchige, Vaishnave Mahesh.
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – First ODI
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai
Dubai World Cup nominations
UAE: Thunder Snow/Saeed bin Suroor (trainer), North America/Satish Seemar, Drafted/Doug Watson, New Trails/Ahmad bin Harmash, Capezzano, Gronkowski, Axelrod, all trained by Salem bin Ghadayer
USA: Seeking The Soul/Dallas Stewart, Imperial Hunt/Luis Carvajal Jr, Audible/Todd Pletcher, Roy H/Peter Miller, Yoshida/William Mott, Promises Fulfilled/Dale Romans, Gunnevera/Antonio Sano, XY Jet/Jorge Navarro, Pavel/Doug O’Neill, Switzerland/Steve Asmussen.
Japan: Matera Sky/Hideyuki Mori, KT Brace/Haruki Sugiyama. Bahrain: Nine Below Zero/Fawzi Nass. Ireland: Tato Key/David Marnane. Hong Kong: Fight Hero/Me Tsui. South Korea: Dolkong/Simon Foster.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
UAE%20SQUAD
%3Cp%3E%0D%3Cstrong%3EMen%3A%3C%2Fstrong%3E%20Saif%20Al%20Zaabi%2C%20Salem%20Al%20Marzooqi%2C%20Zayed%20Al%20Ansaari%2C%20Saud%20Abdulaziz%20Rahmatalla%2C%20Adel%20Shanbih%2C%20Ahmed%20Khamis%20Al%20Blooshi%2C%20Abdalla%20Al%20Naqbi%2C%20Khaled%20Al%20Hammadi%2C%20Mohammed%20Khamis%20Khalaf%2C%20Mohammad%20Fahad%2C%20Abdulla%20Al%20Arimi.%0D%3Cbr%3E%3Cstrong%3EWomen%3A%3C%2Fstrong%3E%20Mozah%20Al%20Zeyoudi%2C%20Haifa%20Al%20Naqbi%2C%20Ayesha%20Al%20Mutaiwei.%3C%2Fp%3E%0A
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Overall standings
1. Christopher Froome (GBR/Sky) 68hr 18min 36sec,
2. Fabio Aru (ITA/AST) at 0:18.
3. Romain Bardet (FRA/ALM) 0:23.
4. Rigoberto Uran (COL/CAN) 0:29.
5. Mikel Landa (ESP/SKY) 1:17.
Fifa Club World Cup quarter-final
Esperance de Tunis 0
Al Ain 3 (Ahmed 02’, El Shahat 17’, Al Ahbabi 60’)
THREE POSSIBLE REPLACEMENTS
Khalfan Mubarak
The Al Jazira playmaker has for some time been tipped for stardom within UAE football, with Quique Sanchez Flores, his former manager at Al Ahli, once labelling him a “genius”. He was only 17. Now 23, Mubarak has developed into a crafty supplier of chances, evidenced by his seven assists in six league matches this season. Still to display his class at international level, though.
Rayan Yaslam
The Al Ain attacking midfielder has become a regular starter for his club in the past 15 months. Yaslam, 23, is a tidy and intelligent player, technically proficient with an eye for opening up defences. Developed while alongside Abdulrahman in the Al Ain first-team and has progressed well since manager Zoran Mamic’s arrival. However, made his UAE debut only last December.
Ismail Matar
The Al Wahda forward is revered by teammates and a key contributor to the squad. At 35, his best days are behind him, but Matar is incredibly experienced and an example to his colleagues. His ability to cope with tournament football is a concern, though, despite Matar beginning the season well. Not a like-for-like replacement, although the system could be adjusted to suit.
Turkish Ladies
Various artists, Sony Music Turkey
Company profile
Name: One Good Thing
Founders: Bridgett Lau and Micheal Cooke
Based in: Dubai
Sector: e-commerce
Size: 5 employees
Stage: Looking for seed funding
Investors: Self-funded and seeking external investors
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Married Malala
Malala Yousafzai is enjoying married life, her father said.
The 24-year-old married Pakistan cricket executive Asser Malik last year in a small ceremony in the UK.
Ziauddin Yousafzai told The National his daughter was ‘very happy’ with her husband.
If you go…
Emirates launched a new daily service to Mexico City this week, flying via Barcelona from Dh3,995.
Emirati citizens are among 67 nationalities who do not require a visa to Mexico. Entry is granted on arrival for stays of up to 180 days.
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