Insight Talk: China’s Role in Climate Change and Energy Transition
In traditional Chinese philosophy, challenge is opportunity. We find the way out as a synergy of three different policy objectives, growth, energy security and climate change.
In traditional Chinese philosophy, challenge is opportunity. We find the way out as a synergy of three different policy objectives, growth, energy security and climate change.
The international community’s response to climate change now faces severe challenges and developing countries have suffered the most from global warming. It urges developed countries to step up to their historical responsibilities and fulfill their due international obligations.
China will comfortably reach the 25% mark for non-fossil energy in 2030 and is well on track to achieve the mid-century target of carbon neutrality before 2060.
It is pleasing to see the expanded scope and intensity of the development of green financing in China, which allows for more robust and rapid long-term development in the future.
China’s successes since the founding of the PRC, and the successes it will surely achieve on the path to becoming a great modern socialist country in all respects, will undoubtedly inspire progressive people the world over.
That China is becoming an innovator in areas that matter to everyone else is much more a good thing than it is a bad one. Everyone has their red lines on certain issues. But in plenty of other areas, there is space and opportunity to work together.
In the era of globalization, the international community should learn to coexist in harmony and cooperate in areas like security, development, climate and energy. After all, no person is an island entire of itself.
China is the only developing country that made very significant commitment to climate change.
The new era is less a rupture in time than one that aims to bridge in positive ways China’s past, present and future.
As China pursues the targets of carbon peak and carbon neutrality, the share of the environmental sector in the country’s economy is growing.
China’s battery industry has entered a period of boom along with the EV sector.
The bustling carbon market reveals that even the pandemic-induced economic slowdown is unable to undermine China’s determination to realize its carbon peaking and neutrality objectives.