Presidents Obama and Xi are demonstrating courageous leadership on climate change. Both countries are moving forward with on-the-ground action to hasten the transition to a low-carbon economy. They’re also laying the cornerstone for an ambitious climate agreement in Paris.
President Xi Jinping's visit to the United States comes at a moment of high tension in Sino-U.S. relations. But amid uncertainty around China's economy and acrimony on cybersecurity, at least one issue holds promise for positive collaboration: climate change.
Energy use in China's buildings is projected to rise by 40 percent between 2009 and 2030. Reducing this sector's footprint is critical for achieving the country's target of peaking its emissions by 2030.
China is increasing its ambition in addressing climate change, and it has a strong national interest in sustaining its actions. That’s according to a recent panel of experts convened by WRI’s ChinaFAQs project and the Environmental and Energy Study Institute.
Action from the world's two largest emitters, which together account for 38 percent of global greenhouse gas emissions, should inspire greater climate commitments from other nations.
China will need investments in the order of $330 billion (RMB 2 trillion) a year from 2015-2030 to overcome its environmental challenges. Tapping the private sector can help scale up the country's green finance.
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.
WASHINGTON (JUNE 30, 2015)— China formally submitted its contribution to United Nations climate talks today. The pledge commits China to a peak in emissions by 2030, an increase in the share of non-fossil fuels in its energy mix by about 20 percent by 2030, and a reduction in carbon dioxide emissions per unit of GDP by 60-65% by 2030, from 2005 levels.
Red tile roofs, a backyard barbecue, and a French chateau-style clubhouse. This may sound like Orange County, California, the famed suburb known for its beaches and McMansions, but this scene is actually from Orange County, Beijing.
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.