China is the world’s largest carbon emitter
China’s Five-Year Plan and ETS to see CO<sub>2</sub> rising till 2030
Concentration on reducing carbon intensity means total emissions are likely to continue to increase
China’s fourteenth Five-Year Plan, unveiled on 5 March, had the clearest focus yet on climate change. The world’s largest carbon emitter used the plan to officially launch its emissions trading system (ETS), underpinned by ambitious emission reduction targets in later years. The Five-Year Plan calls for carbon emissions to peak by 2030. Meanwhile, carbon intensity—emissions per unit of output—are set to decline by 18pc by 2025 from 2020 levels. Likewise, energy consumption per unit of GDP is set to decline by 13.5pc. Carbon intensity is intended to fall 65pc from 2005 levels by 2030. “The 18pc decrease in carbon intensity targeted for 2021-25 leaves room for yearly emissions to increas
Also in this section
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
