Dec 21, 2020 05:08 PM

Senior Economic Advisor Says Next Five-Year Plan Should Set Carbon Targets

What’s new: Liu Shijin, deputy director of economic affairs at the Chinese People’s Political Consultative Conference (CPPCC), China’s top advisory body, has suggested that targets for carbon emission reduction should be included in the 14th five-year plan with progress posted as the country seeks to achieve carbon neutrality.

To achieve China’s promises to reach peak carbon emission before 2030 and carbon neutrality before 2060, Liu said at a forum on Friday that the two commitments could bring about a “revolution to future technology and growth models” in the country. “We had better start now,” he said.

He suggested that Beijing should include the two indicators — carbon emissions and carbon intensity — in its 14th Five-Year Plan, a roadmap for the country’s development from 2021-2025, and release data on a regular basis.

“We should release carbon intensity indicators together with quarterly GDP growth,” he said.

The background: President Xi Jinping’s pledge in September at the U.N. General Assembly that China will aim to reach peak emissions before 2030 and achieve net zero carbon emissions before 2060.

China is facing an uphill battle to achieve the targets by reducing its dependence on fossil fuels and increasing its use of renewable energy.

Some climate experts have called for China’s carbon emissions to peak by 2025, five years earlier than planned, in order for the country to be “carbon neutral” by 2060.

Quick Takes are condensed versions of China-related stories for fast news you can use.

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