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October 27, 2021

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China capable of balancing emissions and development

One year after its leadership pledged to achieve carbon neutrality by 2060, China has demonstrated its unswerving commitment to honoring its words by concrete actions.

China, striving for a greener world, is expected to realize carbon neutrality through carbon peaking in the shortest time span in global history. The latest proof came as China on Sunday published a guiding document on the country’s work to achieve carbon peaking and carbon neutrality goals under the new development philosophy, laying out key specific targets and measures for the coming decades.

The key document, jointly released by the Communist Party of China Central Committee and the State Council, reiterated China’s climate pledge.

The world’s second-largest economy is seeking to balance its climate ambition and economic development. On China’s pathway to a low carbon economy, one thing is becoming clearer: its ambition of net zero emissions does not have to come at the cost of a sharp economic slowdown as some foreign media speculates.

China has a stronger economic incentive to reduce carbon emissions, particularly through developing and investing in new energy and transportation sectors, as the world is coping with climate threats together.

The massive transition of the Chinese economy to a low carbon one will see new jobs created, relevant technological innovation advanced and the competitiveness of domestic enterprises promoted.

According to the newly published guiding document, by 2060, China will have fully established a clean, low-carbon, safe and efficient energy system, with energy efficiency reaching the advanced international level.

As a global leader in solar, wind and hydropower generation in terms of cumulative installed capacities, China has been well recognized for its clean energy technologies internationally. China’s green transformation will not only equip its own domestic companies with leading green technologies, but also bring opportunities for global investors.

China has established a strong position in the solar power industry in terms of installed capacity, solar panel manufacturing and technology export.


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