China vowed to peak carbon emissions by 2030. It could be way ahead of schedule

Chinese president Xi Jinping vowed in November 2014 that the country would peak carbon emissions by 2030. A new paper argues that the country will reach this goal by 2025, if it hasn't already.

In November 2014, President Obama and Chinese President Xi Jinping shook hands on a historic agreement to control greenhouse gas emissions in both countries. The United States pledged to bring national emissions at least 26 percent below their 2005 levels, while China vowed to put a peak on its growing carbon dioxide emissions by the year 2030. These pledges would go on to become part of each country’s national commitments for the 2015 Paris Agreement, which was adopted during the United Nations’s climate conference in December.

It seemed an ambitious set of targets at the time, particularly for China, which overtook the United States as the world’s biggest carbon dioxide emitter in 2007. Yet experts are now saying that achieving its goal is not only possible for China — the country may have already done so by the time the climate deal was made.

A new paper…argues that a changing economic and energy landscape in China will help the nation’s emissions to peak by 2025 at the latest — if it didn’t already happen in 2014.

A new paper, released Sunday night by the Grantham Research Institute on Climate Change and the Environment and the ESRC Centre for Climate Change Economics and Policy at the London School of Economics and Political Science, argues that a changing economic and energy landscape in China will help the nation’s emissions to peak by 2025 at the latest — if it didn’t already happen in 2014. The report, which will be published in the journal Climate Policy later this month, was released just two days after the Chinese government announced it would cap its annual energy consumption at 5 billion metric tons of standard coal equivalent by 2020 and reduce its carbon dioxide intensity by 18 percent between now and then.

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