POLICY NEWS

China’s 2021 Central Economic Work Conference (CEWC), the most authoritative wind vane for assessing China’s current economic status and guiding macroeconomic policies for the next year, took place on 8-10 December.

On 3 December 2021, the Ministry of Industry and Information Technology (MIIT) of the People’s Republic of China released its five-year plan on green development of the industrial sectors.

On 26 November, China’s State Council Information Office released a white paper titled “China and Africa in the New Era: A Partnership of Equals.”

At the Annual Event of the International Platform on Sustainable Finance (IPSF) on 4 November, China and the EU presented the “Common Ground Taxonomy – Climate Change Mitigation” (CGT).

At the event, which took place from 31 October to 13 November 2021, global leaders, policy makers, and climate experts met in Glasgow to discuss climate targets and actions for the coming years and complete the formulation of missing Paris Agreement articles.

On 28 October, China submitted the updated NDC entitled “China’s Achievements, New Goals and New Measures for Nationally Determined Contributions” for the period up to 2030 and the Low-Emission Development Strategy (LEDS) Mid-Century Long-Term Low Greenhouse Gas Emission Development Strategy for the period up to 2060 to the UNFCCC Secretariat.

On 24 October, the Communist Party of China Central Committee and the State Council jointly issued the “Working Guidance for Carbon Dioxide Peaking and Carbon Neutrality in Full and Faithful Implementation of the New Development Philosophy” (henceforth ‘the Guidance’), which offers an overarching green and low carbon transition guidance for China’s national and international development.