The Prague Post - Under promise, over deliver? China unveils new climate goals

EUR -
AED 4.215763
AFN 72.319432
ALL 96.250511
AMD 433.530234
ANG 2.054886
AOA 1052.649851
ARS 1605.041005
AUD 1.627805
AWG 2.06627
AZN 1.952677
BAM 1.960904
BBD 2.315928
BDT 141.097233
BGN 1.962163
BHD 0.433516
BIF 3413.584513
BMD 1.147928
BND 1.47143
BOB 7.94568
BRL 6.045904
BSD 1.149893
BTN 106.138709
BWP 15.668849
BYN 3.402355
BYR 22499.382989
BZD 2.312519
CAD 1.569918
CDF 2590.872602
CHF 0.903995
CLF 0.026617
CLP 1051.008272
CNY 7.916795
CNH 7.911483
COP 4240.54825
CRC 541.010441
CUC 1.147928
CUP 30.420084
CVE 110.553218
CZK 24.433584
DJF 204.762935
DKK 7.471654
DOP 70.644173
DZD 151.956974
EGP 60.095851
ERN 17.218916
ETB 179.486229
FJD 2.543695
FKP 0.866615
GBP 0.86424
GEL 3.133911
GGP 0.866615
GHS 12.487501
GIP 0.866615
GMD 84.391326
GNF 10081.028197
GTQ 8.817989
GYD 240.56612
HKD 8.98925
HNL 30.437352
HRK 7.534075
HTG 150.767805
HUF 389.675577
IDR 19505.587538
ILS 3.586138
IMP 0.866615
INR 105.924459
IQD 1506.327068
IRR 1517244.7443
ISK 143.617015
JEP 0.866615
JMD 180.420365
JOD 0.81386
JPY 182.616948
KES 148.654125
KGS 100.386359
KHR 4610.980884
KMF 494.756922
KPW 1033.134925
KRW 1710.52135
KWD 0.352115
KYD 0.958198
KZT 562.92758
LAK 24639.128089
LBP 102968.395132
LKR 357.859841
LRD 210.418571
LSL 19.312464
LTL 3.389532
LVL 0.694369
LYD 7.337096
MAD 10.829887
MDL 20.059208
MGA 4774.447217
MKD 61.66314
MMK 2410.237597
MNT 4099.576954
MOP 9.269466
MRU 46.005739
MUR 53.654501
MVR 17.735995
MWK 1993.797928
MXN 20.440127
MYR 4.511928
MZN 73.364265
NAD 19.312549
NGN 1584.174748
NIO 42.310305
NOK 11.139837
NPR 169.821734
NZD 1.964437
OMR 0.441378
PAB 1.149793
PEN 3.965321
PGK 5.028087
PHP 68.547329
PKR 321.064833
PLN 4.268403
PYG 7418.307578
QAR 4.179897
RON 5.094046
RSD 117.399254
RUB 93.496271
RWF 1677.974562
SAR 4.30773
SBD 9.24279
SCR 15.713391
SDG 689.904142
SEK 10.75777
SGD 1.468045
SHP 0.861243
SLE 28.18199
SLL 24071.482406
SOS 656.010251
SRD 43.10238
STD 23759.785806
STN 24.563932
SVC 10.06123
SYP 126.874693
SZL 19.306248
THB 37.205504
TJS 11.021333
TMT 4.017747
TND 3.400565
TOP 2.763934
TRY 50.72017
TTD 7.798331
TWD 36.719334
TZS 2990.351426
UAH 50.707096
UGX 4323.252098
USD 1.147928
UYU 46.190421
UZS 13884.075513
VES 508.192904
VND 30179.019325
VUV 137.252268
WST 3.139829
XAF 657.671582
XAG 0.014508
XAU 0.000229
XCD 3.102332
XCG 2.072303
XDR 0.817932
XOF 657.66871
XPF 119.331742
YER 273.838357
ZAR 19.27319
ZMK 10332.727681
ZMW 22.381252
ZWL 369.632252
  • CMSC

    0.0200

    23.01

    +0.09%

  • JRI

    0.1300

    12.72

    +1.02%

  • GSK

    0.9400

    54.33

    +1.73%

  • BCC

    1.5400

    71.54

    +2.15%

  • BCE

    0.5021

    25.75

    +1.95%

  • RIO

    1.7500

    89.58

    +1.95%

  • NGG

    0.4800

    91.38

    +0.53%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • BTI

    1.4400

    61.37

    +2.35%

  • RYCEF

    -0.2300

    16.32

    -1.41%

  • VOD

    0.2450

    14.655

    +1.67%

  • BP

    0.5250

    43.195

    +1.22%

  • CMSD

    -0.0050

    22.985

    -0.02%

  • RELX

    -0.0150

    34.125

    -0.04%

  • AZN

    2.1600

    192.06

    +1.12%

Under promise, over deliver? China unveils new climate goals
Under promise, over deliver? China unveils new climate goals / Photo: STR - AFP/File

Under promise, over deliver? China unveils new climate goals

China has for the first time made specific emission cut pledges, though its goal of reducing planet-warming greenhouse gases just 7-10 percent by 2035 is seen as far too modest.

Text size:

But Beijing has often "under-promised and over-delivered", analysts say, and its pledge offers a path towards more ambitious efforts to tackle climate change.

Here's what to know:

- Why it matters -

China is the world's second-biggest economy and the largest polluter. It accounts for nearly 30 percent of global emissions.

It is also a clean energy powerhouse, and sells most of the world's solar panels, batteries and electric cars.

China's trajectory determines whether the world will limit end-of-century warming to 1.5C and avoid the most catastrophic impacts of climate disruption.

Under the Paris Agreement, countries must update their "Nationally Determined Contributions" every five years. Many are racing to do so before the COP climate summit in Brazil this November.

Beijing pledged in 2021 to peak carbon dioxide emissions before 2030 and reach carbon neutrality by 2060. But it gave no near-term numerical targets for reducing emissions.

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

- What China promised -

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." Some analysts believe China's emissions have already peaked or will do so soon.

To align with 1.5C, Beijing needs to cut emissions around 30 percent within a decade from 2023 levels. The United States peaked CO2 emissions in 2007 and reduced them by approximately 14.7 percent a decade later.

- Increase 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 "mainstream" in new sales.

- 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.

"China has often under-promised and over-delivered," said Andreas Sieber, associate director of policy and campaigns at advocacy group 350.org.

The new target is "underwhelming," but "it anchors the world's largest emitter on a path where clean-tech defines economic leadership," he added.

Others echoed that sentiment.

"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.

China is installing renewable energy at a record pace that far outstrips the rest of the world, and it dominates the production chain of many clean-tech sectors.

But it has also continued to install coal capacity, and its decision to use an unspecified "peak" rather than set a baseline year for emissions cuts raised concerns.

That keeps "the door open to near-term increases in emissions," warned Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clear Air.

The pledges serve as "a floor, not a ceiling, for China's ambition," he added.

Still, many observers believe China's economy is now committed to the energy transition and the pledges will cement that.

"The good news is that in a world increasingly driven by self-interest, China is in a stronger position than most to drive climate action forward," said Li Shuo of the Asia Society.

S.Janousek--TPP