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China nears emissions peak – but needs to step up efforts

China increased its ambitious renewable energy expansion targets once more. But the green transformation must be accelerated.
China’s carbon emissions have been falling for the past year. Will it soon reach its peak? Currently, the pandemic and real estate woes are curbing economic growth, provinces lack money for economic stimulus programs, and carbon-intensive industries are announcing new climate plans. Only with a swift emissions peak will the Paris climate targets remain in reach.
By
Nico Beckert
Image of Nico Beckert

China wants to reach the emissions peak “before 2030”. Xi Jinping announced this over two years ago. But neither an exact date nor a target mark for carbon emissions was specified. When it comes to major milestones, the People’s Republic has always set targets that it can definitely achieve – and usually exceeds. Missing growth targets would damage the reputation of the all-dominant Communist Party far more than it would damage the reputation of parties and governments in democratic states. There is much pointing to an earlier carbon peak.

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