about 3 years ago

China, the world's largest carbon emitter It has pledged to climate xo change and has set ambitious goals to achieve carbon neutrality by 2060, but so far. Details on how to get there are still scarce.Like other large countries China misses July 30 deadline to submit new climate pledges to UN That could change at COP26 this year, the 26th United Nations Climate Change Conference of the Parties, according to Gavin Thompson, vice president of Wood Mackenzie Asia Pacific.It was reported that President Xi China's Jinping has received a personal invitation to join COP26, but his participation has not been confirmed.

make a plan

The official submission of China's national climate targets ahead of COP26, which began on Oct. 31, is a "major step" that Beijing appears ready to take now.How should we expect more to achieve our goals? It is primarily targeted for all provinces and economic sectors of China,” Thompson wrote.To meet the net zero carbon emissions target by 2060, Wood Mackenzie expects China to “Almost a change in the way energy is produced and delivered,” he added.

demand elasticity

despite pressure from the international community But China is adamant about setting its own approach to net zero emissions and will continue to do so. Thompson said He predicted that coal-fired plants in China are unlikely to be banned any time before 2025. The country's five-year plan still includes support for high-carbon coal.The two goals of energy security and economic growth will push China to be more resilient to achieve its goals,” he said.

Still, China has invested in renewables and clean energy while working toward its goal of maximizing carbon dioxide emissions by 2030.Oppose the Carbon Border Tax China launched an emissions trading system in July to target pollution. But it has spoken out against the EU's plan to impose tariffs on high-carbon goods into the bloc.Beijing “is not fond of unilateral carbon pricing,” although it supports the global carbon market. Thompson said