Nation may hit carbon emission target in 2025
The peak in China's carbon emissions is estimated to be hit around 2025, five years ahead of its 2030 Paris Agreement target, thanks to efforts made in energy transformation, an industry expert said.
"I hope that with the 14th Five-Year Plan (2021-25), China will bring its carbon emissions goal forward. That will be a big step for the world. China is credible. It makes a plan and usually achieves it," Lord Nicholas Stern, chair of the Grantham Research Institute under the London School of Economics and Political Science, said.
The former chief economist at the World Bank noted that in the past five years, strong technological changes have taken place in China and the country has demonstrated a deeper understanding of the danger of unmanaged climate change.