(EnergyAsia, August 13 2015, Thursday) — China will work with other countries to complement domestic measures to reduce its greenhouse gas output in the fight against global warming, according to a Chinese professor writing for the Institute for Energy Economics, Japan (IEEJ).
China will aim to cap its carbon emissions by boosting energy conservation and efficiency measures, and raising the share of renewable sources in primary energy consumption to about 20% by 2030, said Li Zhidong, a visiting researcher at Japan’s Nagaoka University of Technology Graduate School. To meet these goals, he said President Xi Jinping has set a target for China to reduce its carbon emissions per unit of GDP (emission intensity) by 60-65% from the 2005 level over the next 15 years.
Following on Xi’s announcement at last November’s US-China summit, Premier Li Keqiang submitted a document to the UN on June 30 spelling out China’s targets on energy conservation and emissions reduction.
Through domestic initiatives, China reduced its 2014 emission intensity by 33.8% from the 2005 level. The country is capable of exceeding its goal to reduce its emission intensity by 40% to 45% from the 2005 level by 2020, said Prof Li, citing He Jiankun, deputy director of China’s National Expert Committee on Climate Change.
Citing Xie Zhenhua, China’s leading climate official, Prof Li said the government will invest more than 41 trillion yuan to achieve these targets. (US$1=6.32 yuan).
It is targeting the country’s manufacturing sector to reduce its emission intensity from the 2015 level by 22% in 2020, and by 40% in 2025, said Prof Li.
The Chinese government has also begun working with other countries on climate issues, starting with last November’s agreement with the US that was followed by similar announcements to cooperate with India, Brazil and the European Union (EU). Premier Li has also announced plans to set up a fund to support developing countries, particularly small island nations and poorer countries facing on climate challenges.
While applauding these goals, Prof Li concluded his paper with a question as to whether “China will really be able to achieve its forecasts.”