The joint statement goes beyond research and development and embraces an unprecedented accord on climate targets, where both countries committed to increase their share of renewables by 20 percent by 2030.
The world’s largest emitter plans to peak its emissions around 2030 and increase its share of non-fossil fuels in energy consumption to around 20 percent by the same year. The country's new climate plan also builds on these commitments with additional announcements on carbon intensity, forests, adaptation and more.
As the world’s largest emitter, an ambitious and comprehensive climate plan from China is critical, both for reducing the country’s impact and for the greater climate action such ambition would inspire internationally.
As negotiators leave Bonn, Germany after two weeks of talks on the international climate agreement that will be concluded in Paris at the COP 21 summit later this year, one thing is clear: The pace of negotiations must speed up considerably.
Country climate commitments and pledges agreed at Paris may not keep warming below 2 degrees C (3.6 degrees F) by themselves, but by establishing a systematic mechanism to ramp up efforts over time, countries can take collective action to avoid dangerous global warming.
Why is a forthcoming global climate agreement such a big deal, and what impact will it have on communities around the world? Global director of WRI's Climate Program Jennifer Morgan explains all the important details.