China is the world’s largest carbon emitter
China’s Five-Year Plan and ETS to see CO<sub>2</sub> rising till 2030
Concentration on reducing carbon intensity means total emissions are likely to continue to increase
China’s fourteenth Five-Year Plan, unveiled on 5 March, had the clearest focus yet on climate change. The world’s largest carbon emitter used the plan to officially launch its emissions trading system (ETS), underpinned by ambitious emission reduction targets in later years. The Five-Year Plan calls for carbon emissions to peak by 2030. Meanwhile, carbon intensity—emissions per unit of output—are set to decline by 18pc by 2025 from 2020 levels. Likewise, energy consumption per unit of GDP is set to decline by 13.5pc. Carbon intensity is intended to fall 65pc from 2005 levels by 2030. “The 18pc decrease in carbon intensity targeted for 2021-25 leaves room for yearly emissions to increas
Also in this section
30 November 2023
Negative pricing has become more frequent in European energy markets, and GB markets are now experiencing a similar increase
29 November 2023
Preparations underway for inclusion of cement, aluminium and steel producers in world’s largest compliance market by 2030
28 November 2023
European Commission earmarks cross-border projects for funding and fast-tracks carbon management strategy as pressure grows to kickstart CCS sector
27 November 2023
Progress in decarbonisation but significant challenges lie ahead
