Meaningful Goals
When it comes to addressing climate change, China has a decisive influence on achieving global goals. With a large population and a large economy, it is also a big greenhouse gas emitter. How far China’s bold pledge goes will determine how much the global climate change goals could be achieved.
The United States officially withdrew from the Paris Agreement after the latter entered its fifth year in force. The COVID-19 pandemic has also made many people confused about whether the agreement can continue. At this moment, China’s pledge indicates strong support for the agreement. It will not only redefine China’s leading role in mitigating climate change, but also has a significant impact on geopolitics, global governance, and the world order in general.
Domestically, the carbon neutrality target will determine the direction of China’s future economic development. At present, China is formulating its 14th Five-Year Plan (2021-2025). As the COVID-19 epidemic has been effectively contained at home, China is seeing a recovering economy. The announcement of carbon emission reduction targets at this particular moment could hopefully change the entire structure of the economy in the future. We can expect a radical shift in China’s coal-based energy landscape as the renewable energy industry will embrace more development opportunities, while coal mining and coal burning for power generation will be gradually phased out.
Well Prepared
The proposed carbon targets are based on China’s decades-long efforts to reduce carbon emissions. As early as 2015, the Chinese government submitted to the United Nations Enhanced Actions on Climate Change it's Intended Nationally Determined Contributions goals.
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— Interview with Carlos Miguel Pereira, Ambassador of Cuba to China
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