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Benefits of carbon control policy

By Dale Jorgenson, Mun Ho and Cao Jing | China Daily | Updated: 2011-09-02 07:59

China is not among the countries with carbon reduction obligations under the United Nations Framework Commission on Climate Change. However, major world powers have been pressuring China to participate more actively in controlling carbon emissions.

Recognizing this issue, the Chinese government has announced that it would reduce the carbon intensity of GDP by 40-45 percent by 2020 from the 2005 levels. If China's GDP growth on average is 8 percent a year, it will be 3.2 times the level of 2005 in 2020. And even if China achieves its carbon reduction target, its emissions will be 75-90 percent higher in 2020 compared to 2005 levels.

These figures highlight the fact that the target of carbon intensity reduction is only the first step toward the goal of stabilizing and eventually reducing emissions.

Benefits of carbon control policy

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