China and US ink deal to boost carbon-free energy

In a conference call with reporters on the sidelines of the annual National People’s Congress in Beijing, Xie Zhenhua, China’s vice minister of the State Oceanic Administration, confirmed that both countries agreed on a…

China and US ink deal to boost carbon-free energy

In a conference call with reporters on the sidelines of the annual National People’s Congress in Beijing, Xie Zhenhua, China’s vice minister of the State Oceanic Administration, confirmed that both countries agreed on a plan to establish a reserve of “hydrocarbon free fossil fuels” in order to further enhance energy security.

U.S. officials initially denied the deal, but spokespeople for the vice foreign minister took to Twitter on Thursday evening to confirm the plan and to imply the U.S. and China had long been working on the agreement.

The Xiamen initiative, first reported by Bloomberg, would have the two countries aim to reserve 200 billion tonnes of carbon dioxide equivalent, equal to 538 gigatons, over the next 15 years.

But the two nations will also explore ways to share the technology behind the reserve, as well as investigate whether it could lead to all countries working toward a similar pool of carbon-free fuels.

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