China expedites carbon emission controls to hit 2030 goals
Sustainability Economics
E2E AUTOMATION AND LIFECYCLE MANAGEMENT OF NET-ZERO TRANSITIONS
According to the cabinet on Friday, China will speed up creating a carbon emissions control system to meet its 2030 peak emissions goal. Currently, Beijing’s energy policies are linked to economic growth, focusing on energy and emissions per unit of output.
“China is setting for the first time a hard emissions cap, which will start guide emissions reduction after 2030,” said Yao Zhe, global policy advisor for Greenpeace East Asia in Beijing.
“China is now gradually extricating emissions reductions from economic growth,” Yao said.
The plan aims to enhance the carbon emissions tracking system by 2025, targeting key industries like power, steel, and petrochemicals.?
According to the State Council, carbon emissions quotas will be included in national development plans, and energy conservation assessments for investment projects will need to consider these emissions.