China – Carbon strategies, targets and market

Posted on March 19, 2011 by


As a part of national strategy to reduce carbon emissions and maintain its negotiating position, China is working towards three national targets

  • 15 per cent renewables in primary energy consumption by 2020;
  • 20 per cent energy-intensity reduction from 2005 level by 2010. Further 15–20 per cent reduction to this is being considered for the next Five-Year Plan.
  • 40–45 per cent carbon-intensity reduction by 2020 from 2005 levels.

The Chinese carbon market however remains years away. It can take anything more than three to five years or even longer before a chinese carbon market emerges. There is no infrastructure, no ability to measure emissions and also no strong political will for sustaining a carbon market in China.

 

Read in detail about a number of measures China is taking in “China – Renewables and Coal Power – Impact on Carbon Emissions” .

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