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    coal investing

    US, China Sign Emissions Reduction Deal

    Teresa Matich
    Nov. 14, 2014 04:18PM PST
    Industrial Metals Investing

    The Guardian reported that China and the United States reached a deal on Wednesday to reduce their carbon emissions. The deal has been called “ambitious but achievable.”

    The Guardian reported that China and the United States reached a deal on Wednesday to reduce their carbon emissions. The deal has been called “ambitious but achievable.”

    As quoted in the publication:

    China, the biggest emitter of greenhouse gases in the world, has agreed to cap its output by 2030 or earlier if possible. Previously China had only ever pledged to reduce the rapid rate of growth in its emissions. Now it has also promised to increase its use of energy from zero-emission sources to 20% by 2030.

    According to a White House statement:

    It will require China to deploy an additional 800-1,000 gigawatts of nuclear, wind, solar and other zero-emission generation capacity by 2030 – more than all the coal-fired power plants that exist in China today and close to total current electricity generation capacity in the United States.

    Click here to read the full article.

    carbon emissionschinacoal investingunited states
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