Beijing, 27 October 2021 (TDI): China has announced its plan to peak its Carbon Dioxide emissions before 2030. The Chinese action plan is to lessen the emissions as much possible after 2030.
— China SCIO (@chinascio) October 27, 2021
The Chinese action plan divides the decade into two parts i.e. from 2021 to 2025 and from 2026 to 2030. China has set targets for the 14th Five-Year Plan year from 2021 to 2025 and the 15th Five-Year Plan period from 2026 to 2030. During this period, China will try to increase the usage of non-fossil sources and to reduce the carbon dioxide emissions.
According to the target set by China, the share of non-fossil sources will be about 25% till 2030. China is the world’s largest developing country so it is still in the process of industrialization and urbanization. It has been still working on its economy to improve the lives of its people. So its speed will be slow in reducing carbon dioxide emissions. The climate reforms will be slower as compare to other countries. But still the Chinese goals for biodiversity are same as set by the Paris Agreement for country’s contribution in reducing emissions.
Therefore, China will try to peak its emissions as quickly as it can by speeding its development program. Thus, China plans to peak its emissions before 2030 in order to be in the same line of Paris Agreement. China has set a plan under which a system will be developed to regulate the carbon emissions statistical accounting system, economic policies, and to establish a market mechanism to enhance policy support for green economy.
China will continue to work under policy of multilateralism to protect the world from the catastrophe of climate change. The climate change challenges has united the world. Therefore, China will continue to carry out green cooperation in its economic system. It will also construct its historic project of Belt and Road Initiative (BRI) according to the targets set by Paris Agreement.