China’s climate conundrum has become the most important aspect in today’s day to day life. Carbon neutrality 2060 and its implications for fossil fuels is also given much importance as the stakeholders take adequate measures to ensure carbon neutrality.
Analyst Oceana Zhou along with Frip Yep and Matthew Boyle bring out the interesting features about this topic.
China and its lofty goals
China has laid out some lofty goals for its climate action. In September 2020, it pledged that it would peak its carbon dioxide emissions before 2030 and hit carbon neutrality before 2060.
This was followed in December 2020 by an announcement to enhance its nationally determined contributions under the Paris Agreement for 2030, including increasing the share of non-fossil fuels in primary energy consumption to around 25%.
Earlier this year, it issued rules for its emissions trading scheme for the power sector and carbon trading is expected to begin in late 2021.
How realistic are these goals? How can China’s climate policy align with its economic and social goals? And what is the role for fossil fuels in a carbon neutral China?
Some of the questions addressed
These questions are more are addressed on this episode of Future Energy Podcasts, with S&P Global Platts Editorial Team Lead for LNG and Energy Transition Eric Yep, Platts Analytics Lead for Global Coal Matthew Boyle, Platts Senior Writer Oceana Zhou, and Dr. Philip Andrews-Speed, senior principal fellow at the National University of Singapore’s Energy Studies Institute.
Dr. Andrews-Speed has 38 years of experience in the field of energy and resources, and his current research focuses on the low carbon energy transition in China and Southeast Asia as well as on the governance of nuclear energy.
He is the author of the book China As A Global Clean Energy Champion, which looks at the institutions of governance that are shaping the trajectory of China’s low carbon energy transition.
Get access to the Annual Guidebook mentioned on this podcast: Platts Future Energy Outlooks
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