Climate Change Agreement With China

      Commentaires fermés sur Climate Change Agreement With China

China has reported new investments in electric mobility and aims to increase the market share of new energy vehicles to 20% by 2025, giving this sector a clear priority to economic recovery. At the EU-China Summit in July 2018, the two sides reaffirmed their commitment to accelerate the implementation of the Paris Agreement and strengthen cooperation in the fields of climate change and clean energy. A comparison of China`s targets set out in the agreement with China`s current five-year plan shows that planners had already set a target for non-fossil energy to provide 15% of the country`s energy mix by 2020, making the new targets an expansion of China`s existing targets. These targets will likely be extended in china`s next FYP, which will run until 2020. In recent years, there have been signs of hope that China`s CO2 emissions will flatten. However, CO2 emissions increased in 2018 and 2019 and we estimate that GHG emissions will increase by 0.8% within our upper limit in 2020 and decrease by 7.7% in our floor compared to 2019, with most of the decrease due to the pandemic. “It shows Xi`s interest in using the climate agenda for geopolitical purposes.” Despite its big leaps in renewable energy, Korsbakken believes China`s efforts to reduce emissions have so far focused more on pragmatism than on climate leadership. .