China's Policies and Actions on Carbon Peaking and Carbon Neutrality (2023)

EnvironmentalDefenseFund PRCEE China'sPoliciesandActionsonCarbon PeakingandCarbonNeutrality (2023) CO2 章 Acknowledgment Weextendourprofoundappreciationtotheesteemedexpertswhoseinvaluableinsightscontributedtothepreparationofthis report: GuoJing ChairmanoftheBRIInternationalGreenDevelopmentCoalition GaoQingxian ResearcherattheInstituteofAtmosphericEnvironment,theChinese ResearchAcademyofEnvironmentalSciences(CRAES) ZhangJianyu ExecutiveDirectoroftheBeltandRoadGreenDevelopmentInter- nationalResearchInstitute ZhouChangbo DirectoroftheGreenLow-CarbonResearchCenter,Environmental DevelopmentCenteroftheMinistryofEcologyandEnvironment FengXiangzhao ResearcherattheChinaCenterforInformationIndustryDevelop- ment,China'sMinistryofIndustryandInfomationTechnology(MllT) LiBing DirectoroftheLowCarbonDevelopmentResearchCenter,China MetallurgicalIndustryPlanningandResearchInstitute ZhangJingjie DeputyDirectorofthePlanningandDevelopmentDepartment, ChinaElectricityCouncil Foreword The"SixthAssessmentReportSynthesisReport:ClimateChange2023”issuedbytheInter-governmentalPanelonClimateChange(IPCC)highlightsthattheglobalsurfacetemperaturehas persistentupwardtrajectory_Basedon_calculations_derivedfromthe2021-publisheddataonNationallyDeterminedContributions(NDCs),itisprojectedthatby2030,globalgreenhousegasemissionscouldresultinaglobaltemperatureincreaseof1.5°Cinthe21stcentury,posinga emissionsanticipatedthroughenactedpoliciesandthoseprojectedbyNDCs.Additionally,thefinan-cialresourcescurrentlyallocatedfallshortofmeetingthenecessarylevelsforallsectorsandregions concem. OnSeptember22,2020,ChinesePresidentXiJinpingmadeasolemnannouncementduringthe75thUnitedNationsGeneralAssemblyGeneralDebate.HedeclaredthatChinawillstriveto peakitscarbonemissionsbefore2030andachievecarbonneutralityby2060.This*dualcarbon pledgerepresentsasignificantandstrategicdecisionforChina,signifyingnotonlyaproactive measureinaddressingclimatechangeandasolemnpromisetotheintemationalcommunity,but catalystforthecomprehensiveshifttowardssustainabilityinChina'seconomicandsocialdevel- initiativesintoallsectorsandstagesofitseconomicandsocialdevelopment,inacomprehensive andholisticapproach.Ithasestablishedawell-defined,rational,andpowerful*1+N"policysystem,creating,acoordinatedframeworkforvarioussectorstocollectivelyadvance,BytheendofJune 2023,Chinahadachievedahistoricmilestonebyreachingarenewableenergycapacityofapproxi- mately48.8%ofthetotalinstalledcapacity,surpassingcoal-firedpower.Furthermore,Chinahas FromNovember30toDecember13,2023,the28thUnitedNationsClimateChangeConfer- progressworldwidesinceadoptingtheParisAgreement.Inthiscontext,consolidatingChina's Chinatoshareitscrucialpractices,progress,andachievementsinimplementingthe“dualcarbon" strategywiththe_globalcommunity,therebycontributingChina'swisdomstotherealizationofthe ParisAgreement'sobjectives._Furthermore,it_aimstoprovidevaluableinsightsthatcanguide China'sfutureeffortsinadvancing*dualcarbon"initiatives. PoliciesinthisreportwerecollectedbytheendofDecember2023,withmostofthestatistics January,2024 CONTENTS China'sPoliciesandInitiativesConcerningCarbonPeakingandNeutrality 01 01 NationalLevel... ..02 MinistryLevel. .03 LocalLevel.. ...08 EnterpriseLevel. ProgressandAchievementsinChina'sCarbonPeakingandCarbonNeutrality13 02 CleanandLow-CarbonTransformationinEnergy. ..13 GreenandLow-CarbonTransformationinIndustry. ...19 ConstructionofaGreenTransportationSystem.. ..24 ImprovingGreenDevelopmentinUrbanandRuralConstruction. ..27. ConstructionofaCircularEconomicSystem... .29. EcosystemCarbonSequestrationCapacity.. ..30 NationwideGreenandLow-CarbonAction. ..33 GreenandLow-CarbonTechnologicalInnovation.. ..35 PromotingSynergisticEfficiencyinEmissionsReductionandCarbonReduction.. ...37 PlayingtheRoleofMarketMechanisms. ..39 InternationalCooperationonDealingwithClimateChange.. ...40. FutureExpectations 42 03 References 43 04 China'sPoliciesandInitiatives CarbonPeakingandNeutrality Sincetheintroductionofthe*dualcarbon"goals,Chinahasleverageditsenergyand divisionoflabor,implementingrobustmeasures,andensuringseamlesscoordinationwithin high-leveldesign,incorporatingthesuccessivereleasesatthecentrallevelofthe“Guidelines forComprehensiveImplementationoftheNewDevelopmentPhilosophyandtheAchievement ofCarbonPeakandNeutralityWork"(referringtoas°Guidelines")andthe“CarbonPeaking measures. cmprthe Supportandassistance Keysectors Keyindustries Regionalcarbonpeakingimplementationplans Regionalinnovativeexperiences andpractices Regionalcarbonpeakingsupportandassistance Introducingaseriesofsupport andassurancemeasures legislationandregulations,fiscalpolices greenfinance,market mechenisms statisticalaccounting,evaluation andsupervision technologicalsuppor, talentcultivation Definingcarbonpeakingpathways forkeyindustries non-ferrousmetals, petrochemicals ainpauseiu,Mau otherindustries steelandbuildingmaterials clectricity,steel coal,oil,naturalgas Establishingsectorspecific carbonpea