Dubai Telegraph - Low bar, high hopes: China unveils new climate goals

EUR -
AED 4.233923
AFN 75.511939
ALL 92.895059
AMD 421.789926
ANG 2.063391
AOA 1057.183632
ARS 1719.790065
AUD 1.633912
AWG 2.07661
AZN 1.955852
BAM 1.956117
BBD 2.323877
BDT 141.622958
BGN 1.955693
BHD 0.434719
BIF 3456.309917
BMD 1.152872
BND 1.476752
BOB 13.528193
BRL 6.004737
BSD 1.153787
BTN 110.062842
BWP 15.531652
BYN 3.470063
BYR 22596.288984
BZD 2.320476
CAD 1.60685
CDF 2620.478107
CHF 0.937976
CLF 0.026782
CLP 1054.082104
CNY 7.774045
CNH 7.776363
COP 3603.23191
CRC 518.092974
CUC 1.152872
CUP 30.551105
CVE 110.785372
CZK 24.226916
DJF 205.463307
DKK 7.476057
DOP 67.438429
DZD 153.253185
EGP 57.847537
ERN 17.293078
ETB 186.638874
FJD 2.552977
FKP 0.853357
GBP 0.855102
GEL 3.008812
GGP 0.853357
GHS 12.768095
GIP 0.853357
GMD 84.735928
GNF 10116.451155
GTQ 8.794797
GYD 241.393319
HKD 9.046505
HNL 30.932283
HRK 7.534481
HTG 150.915773
HUF 363.45904
IDR 20593.404655
ILS 3.415919
IMP 0.853357
INR 110.022081
IQD 1511.445014
IRR 1584723.283387
ISK 142.206962
JEP 0.853357
JMD 182.541174
JOD 0.817403
JPY 183.91477
KES 149.290173
KGS 100.818784
KHR 4666.250593
KMF 492.276675
KPW 1037.585037
KRW 1635.53902
KWD 0.356042
KYD 0.961556
KZT 536.93704
LAK 26032.107048
LBP 103321.649013
LKR 384.612348
LRD 209.413947
LSL 18.612937
LTL 3.404131
LVL 0.697361
LYD 7.349191
MAD 10.687132
MDL 20.02916
MGA 4969.934982
MKD 61.534975
MMK 2420.853442
MNT 4147.997617
MOP 9.325512
MRU 46.236495
MUR 54.357605
MVR 17.823333
MWK 2000.776401
MXN 19.652327
MYR 4.7111
MZN 73.667344
NAD 18.613017
NGN 1568.885967
NIO 42.456882
NOK 10.9678
NPR 176.103602
NZD 1.971619
OMR 0.443294
PAB 1.153787
PEN 3.893431
PGK 5.105828
PHP 70.756937
PKR 320.262416
PLN 4.310646
PYG 6886.116278
QAR 4.190708
RON 5.242689
RSD 117.308199
RUB 95.773657
RWF 1699.590255
SAR 4.31533
SBD 9.297844
SCR 16.16734
SDG 692.302189
SEK 11.032771
SGD 1.476563
SHP 0.854124
SLE 28.302367
SLL 24175.146142
SOS 659.412614
SRD 43.489212
STD 23862.12042
STN 24.503972
SVC 10.095637
SYP 14989.640166
SZL 18.618018
THB 38.26846
TJS 10.661028
TMT 4.035052
TND 3.383185
TOP 2.775839
TRY 55.076955
TTD 7.824268
TWD 37.02978
TZS 3049.926071
UAH 51.576803
UGX 4283.768737
USD 1.152872
UYU 46.187424
UZS 13782.234177
VES 882.402769
VND 30061.134452
VUV 136.724412
WST 3.148238
XAF 656.069043
XAG 0.017834
XAU 0.000265
XCD 3.115694
XCG 2.079437
XDR 0.815954
XOF 656.063352
XPF 119.331742
YER 273.403529
ZAR 18.690336
ZMK 10377.230082
ZMW 21.691516
ZWL 371.224277
  • NGG

    0.5100

    81.19

    +0.63%

  • JRI

    -0.0310

    12.679

    -0.24%

  • GSK

    0.1550

    50.455

    +0.31%

  • BCC

    -0.1800

    84.07

    -0.21%

  • CMSC

    0.0250

    21.475

    +0.12%

  • RIO

    -3.0400

    98.18

    -3.1%

  • CMSD

    0.0600

    21.65

    +0.28%

  • BCE

    0.1850

    23.315

    +0.79%

  • RYCEF

    0.1700

    20.71

    +0.82%

  • RELX

    0.1150

    34.665

    +0.33%

  • RBGPF

    0.0000

    72.16

    0%

  • AZN

    -1.2800

    157.22

    -0.81%

  • BP

    -0.0950

    42.835

    -0.22%

  • VOD

    0.1300

    16.22

    +0.8%

  • BTI

    1.4900

    57.33

    +2.6%

Low bar, high hopes: China unveils new climate goals
Low bar, high hopes: China unveils new climate goals / Photo: STR - AFP/File

Low bar, high hopes: China unveils new climate goals

China has announced its new climate action plan at a UN climate meeting -- its first ever pledge to include absolute targets for cutting planet-warming gases -- setting a goal of reducing emissions by 7–10 percent by 2035.

Text size:

Here's what to know:

- Why it matters -

China is the world's second biggest economy, and since 2006, the largest polluter, now accounting for nearly 30 percent of global emissions. Paradoxically, it is also a clean energy powerhouse, rapidly shifting to renewable energy while selling the world its solar panels, batteries and electric cars.

Beijing's trajectory will be crucial to whether the world can limit end-of-century warming to 1.5C, the threshold UN scientists say is needed to avoid the most catastrophic impacts of climate disruption.

Under the Paris Agreement, countries must update their "Nationally Determined Contributions" every five years. With the year's main climate summit in Brazil fast approaching in November, expectations were running high for President Xi Jinping's announcement Wednesday at the United Nations.

China's 2021 pledge was to peak carbon dioxide emissions before 2030 and reach carbon neutrality by 2060. But it lacked near-term numerical targets, frustrating international observers.

The geopolitical context has raised the stakes: the United States has again quit the Paris accord under Donald Trump, who dismisses climate change as a "con job," while a fractious European Union has yet to set a new target.

- What it says -

Under the new plan, China pledges to:

- Cut economy-wide net greenhouse gas emissions by 7–10 percent from peak levels while "striving to do better." China's emissions are believed to have peaked in 2025. Analysts note that to align with 1.5C, Beijing would need to slash emissions by about 30 percent within a decade from 2023 levels.

For context, the United States reached its peak of CO2 emissions in 2007 and reduced them by approximately 14.7 percent a decade later.

- Raise the share of non-fossil fuels in total energy consumption to over 30 percent and expand wind and solar capacity to more than six times 2020 levels, reaching 3,600 gigawatts.

- Increase forest cover to over 24 billion cubic meters.

- Make electric vehicles the "mainstream in the sales of new vehicles."

- Expand the national carbon trading scheme to cover high-emission sectors and establish a "climate adaptive society."

- What experts think -

Observers almost universally say the targets are too modest -- but that China is likely to surpass them thanks to its booming clean technology sector.

"This 2035 target offers little assurance to keep our planet safe, but what's hopeful is that the actual decarbonization of China's economy is likely to exceed its target on paper," said Yao Zhe of Greenpeace East Asia.

Kate Logan and Li Shuo of the Asia Society highlighted the phrase "striving to do better."

"This phrasing at least sends an upward signal that Beijing is potentially open to revising its on-paper commitment based on actual progress," they wrote.

H.Sasidharan--DT