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Carmen Bunzl - Universidad Pontificia Comillas

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Chapter 2. Options for future climate change architectures 110<br />

This might also be the reason why Russian’s current climate mitigation<br />

efforts basically do not exist.<br />

3.2.4.5 China<br />

Since 1990, China’s GHG emissions have grown by about 80%, and may<br />

grow by another 65% to 80% till 2020. Currently, there are various policies in<br />

place, but these are not primarily driven by an interest in mitigating climate<br />

change but instead from a focus on energy security or resource saving among<br />

other aspects. China is the second largest source of the currently available CERs<br />

(25,34%) in the CDM (UNFCCC 2007).<br />

The energy intensity target (energy consumption per unit of GDP) aims at a<br />

reduction of 20% below the 2005 levels by 2010. The renewable energy<br />

promotion has a target of supplying 16% China’s primary energy demand by<br />

renewable energy sources in 2020, up from 7% today. For the electricity sector it<br />

translates in a 20% share. However, generation from renewables remains low,<br />

some reasons may be the high cost of renewables in China, grid access or the<br />

uncertainties that may deter investment brought by the current reforms taking<br />

place in China.<br />

3.2.4.6 India<br />

The Industrial energy intensity of India has declined since 1995, but total<br />

carbon emissions have grown by 63% over the last decade (Chandler et al.,<br />

2002). A major GHG source is coal, as it accounts for over half of the total<br />

primary energy consumption. India currently generates the largest number of<br />

CERs in the world (34,69%) (UNFCCC 2007).<br />

Renewable Energy policy has a strong history in India, a sizeable renewable<br />

energy program has existed for 20 years. They are supported by the IREDA<br />

Renewable Energy Financing. The share of renewable energy based power<br />

generation currently accounts for 5% of installed capacity.<br />

Escuela Técnica Superior de Ingeniería ICAI <strong>Carmen</strong> <strong>Bunzl</strong> Boulet Junio 2008

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