November 28, 2022

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Current Maritime News | Clean Energy

China promoting low-carbon transportation in line with the peak CO2 emissions plan

2 min read
marine-news-China promoting low-carbon transportation in line with the peak CO2 emissions plan

China’s peak CO2 emissions plan before 2030 will develop its economy and improve people’s livelihoods.

The State Council, China’s cabinet, has released an action plan to peak CO2 emissions and neutrality goals in line with the goals and requirements of the Paris Agreement that demonstrate the country’s ambition.

The plan puts forward China’s main objectives for the 14th Five-Year Plan period (2021-2025) and the 15th Five-Year Plan period (2026-2030), including increasing the share of non-fossil energy consumption, improving energy efficiency, and reducing carbon dioxide emissions.

According to the plan, the key actions are:

  • Promoting green and low-carbon transportation
  • Advancing a Circular Economy
  • Supporting Technological innovation
  • Improve laws, regulations and standards, optimize economic policies, and establish sound market mechanisms as part of its efforts to enhance policy support.

Stick to the plan, by 2030, the share of non-fossil energy consumption will be around 25 percent, and carbon dioxide emissions per unit of GDP will drop by more than 65 percent compared with the level registered in 2005

As the world’s largest developing country, China is still in the industrialization and urbanization stage and faces the heavy task to dramatically reduce in carbon emissions intensity through its carbon peaking action.

As for international cooperation, China will be deeply involved in global climate governance, carry out green cooperation in its economy, trade, technology and finance, and advance the construction of a green Belt and Road, according to the plan.

Source Xindemarinenews

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