CHINA CARBON TARGET 65%
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ENERDATA - 15 Dec 2020 - China has pledged to lower its carbon intensity (i.e. CO2 emissions per unit of GDP) by more than 65% by 2030 from 2005 levels, compared to a previous target of reducing its carbon intensity by 60-65% by 2030. In addition, the country plans to raise the share of non-fossil fuels in primary energy consumption from around 20% to 25% by 2020, and to raise its total installed capacity of wind and solar power to over 1,200 GW. China will also increase the forest stock volume by 6 bcm from the 2005 level by 2030.
In September 2020, China presented plans to scale up its updated Nationally Determined Contribution (NDC) to the Paris Agreement, targeting a peak in CO2 emissions before 2030 and carbon neutrality before 2060. The country is currently working on a new five-year plan that will determine its near-term decarbonisation plans. The country’s CO2 emissions from energy combustion have almost quadrupled since 1990, reaching 9.7 GtCO2 in 2019. In 2019, China's carbon intensity was 46% lower than in 2005.
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