China’s Dirty Recovery Will Make Curbing Climate Change Tougher
A carbon analyst at Refinitiv Carbon said that efforts to meet a growth target of more than 6% set out by Premier Li Keqiang would likely keep an emphasis on polluting industries. The local governments or state-owned enterprises could use short-term lenience to usher through carbon-intensive projects. It might screw up of hitting objectives to reach peak emissions before 2030 and reach carbon neutrality by 2060.
Climate plans of China’s 14th five-year plan didn’t set a hard target for cutting emissions.
“It’s also crucial to change the economic structure in a cleaner direction, with less reliance on the most polluting smokestack industries,” said CREA’s lead analyst Lauri Myllyvirta.
Source: Bloomberg #Mar12
https://www.bloomberg.com/news/articles/2021-03-11/china-s-dirty-recovery-will-make-curbing-climate-change-tougher
#ChinaCO2Emission #ChinaDirtyIndustry #China14FiveYearPlan
A carbon analyst at Refinitiv Carbon said that efforts to meet a growth target of more than 6% set out by Premier Li Keqiang would likely keep an emphasis on polluting industries. The local governments or state-owned enterprises could use short-term lenience to usher through carbon-intensive projects. It might screw up of hitting objectives to reach peak emissions before 2030 and reach carbon neutrality by 2060.
Climate plans of China’s 14th five-year plan didn’t set a hard target for cutting emissions.
“It’s also crucial to change the economic structure in a cleaner direction, with less reliance on the most polluting smokestack industries,” said CREA’s lead analyst Lauri Myllyvirta.
Source: Bloomberg #Mar12
https://www.bloomberg.com/news/articles/2021-03-11/china-s-dirty-recovery-will-make-curbing-climate-change-tougher
#ChinaCO2Emission #ChinaDirtyIndustry #China14FiveYearPlan