Caixin
Jan 24, 2022 08:27 PM
ECONOMY

China Needs to Remake Its Energy System to Meet Climate Goals, Group Says

Smoke billows from the chimneys of a factory in Daqing, Northeast China’s Heilongjiang province. in October 2021. Photo: VCG
Smoke billows from the chimneys of a factory in Daqing, Northeast China’s Heilongjiang province. in October 2021. Photo: VCG

To realize its dual carbon goals, China should roll out a carbon tax, improve its national carbon market and further develop tech and innovation, according to a regional macroeconomic surveillance organization.

The ASEAN+3 Macroeconomic Research Office (AMRO) delivered the policy suggestions in an analytical note released on Jan. 17, titled “Policy Challenges for China’s Carbon Neutrality.”

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