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Opinion
Letzte Aktualisierung: August 16, 2022

China's decarbonization – Beijing is not going 'all in' (yet)

By Michael Settelen, Director China Macro Group
Michael Settelen is a China expert at the Zurich-based consulting firm China Macro Group.
Officially, China is pursuing extensive plans to phase out coal, oil and gas. On closer inspection, however, these plans seem less than ambitious. In addition, the temptation to solve acute problems by reverting to greater use of fossil fuels is great.
No commitment to "net-zero" is as important as Beijing's, writes the International Energy Agency (IEA) in a recent report on China's goal to peak annual carbon emissions by 2030 at the latest and achieve carbon neutrality by 2060 – or as they say in China, "30/60".
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