Carbon emissions to taper off by 2030
Carbon emissions of China's power sector will peak in 2027, and will reduce to 79 percent of that in 2005 by around 2030, more than fulfilling the sector's carbon reduction commitments within the Paris Agreement on climate change, a new industry report said.
In 2050, carbon emission intensity or energy expenditure per unit of GDP in China's power sector, will further decline to 5 percent of that in 2005, according to Bloomberg New Energy Finance, Bloomberg's primary research service on energy.
"China's power sector will go through a very efficient process of reducing carbon emissions, and the carbon emission intensity in 2050 is estimated to be below 52 percent of that compared with today," said Luan Dong, China renewable analyst with Bloomberg New Energy Finance.