Climate Cooperation China
On behalf of the International Climate Initiative (IKI)

China Announces CO2 Emission Peak by 2030 and Carbon Neutrality by 2060

China pledges CO2 emission peak by 2030 and carbon neutrality by 2060, as President Xi Jinping announced on September 22, 2022, at the 75th United Nations General Assembly. The renowned research institute at Tsinghua University already reacted to the new climate goal pledges with a presentation and recommendations for the government. According to Mr. HE Jiankun, deputy director of the National Committee of Experts on Climate Change, the 2060 target requires China to achieve near-zero emissions by 2050 and build a sustainable energy system with renewable energy, as well as carry out a huge transformation in all aspects of social, economic, technological and energy systems. Read more here and here.

China Announces Updated Nationally Determined Contributions (NDCs)

 At the Climate Ambition Summit on December 12, Chinese President Xi Jinping announced new nationally determined contribution (NDC) pledges: China will lower its carbon dioxide emissions per unit of GDP by over 65 percent from the 2005 level, increase the share of non-fossil fuels in primary energy consumption to around 25 percent, increase the forest stock volume by 6 billion cubic meters from the 2005 level, and bring its total installed capacity of wind and solar power to over 1.2 billion kilowatts. Xi advocated multilateralism in climate governance, as well as low-carbon ways of life and production.

More project related news

China’s State Council Released the Interim Regulations on Carbon Emissions Trading Management

The State Council of China has released the first legal framework for carbon market governance. The new regulatory framework provides clearer and stricter guidelines compared to previous rules, including penalties for falsification of emissions data and institutional support for a functional operation of China’s Emission Trading System (China ETS). The new regulations will take effect from May 1st, 2024.

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