China’s new green target still means pumping too much pollution
In China’s 14th five-year plan, the target of greenhouse gas emissions announced were disappointing. Beijing has not set a specific target for emissions, nor has it brought forward from 2030 when it expects them to peak. The only carbon target announced, reducing emissions per unit of gross domestic product by 18% over five years, was the same as in 2016.
The reality is that the world needs to reduce emissions as quickly as possible and China currently accounts for 30% of global production. It’s the only major economy that saw an increase last year after the pandemic hammered economic growth elsewhere, according to research firm Rhodium Group.
Climate scientists fear that China’s modest targets may not slow rising emissions quickly enough.
“China will not be back on the path of decarbonization until Beijing controls the coal construction boom and allows its Covid takeover,” Greenpeace’s Li said.
Source: Bloomberg #Mar06
https://www.bloomberg.com/news/articles/2021-03-05/china-s-new-green-target-still-means-pumping-too-much-pollution
#China #CO2Emission #ChinaCO2Emission #China #Pollution
In China’s 14th five-year plan, the target of greenhouse gas emissions announced were disappointing. Beijing has not set a specific target for emissions, nor has it brought forward from 2030 when it expects them to peak. The only carbon target announced, reducing emissions per unit of gross domestic product by 18% over five years, was the same as in 2016.
The reality is that the world needs to reduce emissions as quickly as possible and China currently accounts for 30% of global production. It’s the only major economy that saw an increase last year after the pandemic hammered economic growth elsewhere, according to research firm Rhodium Group.
Climate scientists fear that China’s modest targets may not slow rising emissions quickly enough.
“China will not be back on the path of decarbonization until Beijing controls the coal construction boom and allows its Covid takeover,” Greenpeace’s Li said.
Source: Bloomberg #Mar06
https://www.bloomberg.com/news/articles/2021-03-05/china-s-new-green-target-still-means-pumping-too-much-pollution
#China #CO2Emission #ChinaCO2Emission #China #Pollution
Bloomberg.com
China’s Race to Net Zero Emissions Gets Off to a Slow Start
China’s first road map to achieving net zero emissions by 2060 may be too slow to stop the world’s biggest polluter from hastening global warming.
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