The scale of China’s rapid economic growth, rising population, and energy intensive development mode has made it the world’s largest CO2 emitter in absolute terms, contributing 28 per cent of global greenhouse gases. In order to limit global temperature rises in line with the goals of the Paris Agreement, it’s critical that China has a strategy to reach net-zero emissions by mid-century.
This report was produced by the Energy Transitions Commission, in partnership with the Rocky Mountain Institute’s Beijing office and with the ETC members. Its purpose is to demonstrate that it’s technically and economically feasible for China to reach net-zero carbon emissions by mid-century while also continuing to expand and grow its economy. The investment required to reach a fully decarbonised economy will be affordable given China’s high savings and investment rate. Moreover, its economy stands to benefit from the innovation and investment opportunities brought about by the low carbon transition.
This report outlines the decarbonisation opportunities to get to net-zero emissions across emerging technologies, policy, and critical sectors of the economy, including power, transport, and industrial materials such as steel, cement and chemicals.