China to cap rising emissions by 2030 in boost to Paris deal
In a big leap towards ensuring a climate deal in Paris this winter, the world’s biggest carbon dioxide emitter China on Tuesday submitted a comprehensive action plan to check its rising carbon flow into atmosphere including peaking of its emissions by 2030.world Updated: Jul 01, 2015 00:47 IST
In a big leap towards ensuring a climate deal in Paris this winter, the world’s biggest carbon dioxide emitter China on Tuesday submitted a comprehensive action plan to check its rising carbon flow into atmosphere including peaking of its emissions by 2030.
Apart from peaking year, China in its plan to the United Nations also said that it will lower its carbon dioxide emissions per unit of GDP by 60-65% from the 2005 levels and will increase share of non-fossil fuels in primary energy consumption by around 20% by 2030.
In addition to this, China has also submitted a 15-point climate policy charter that includes limiting the use of coal, ushering low carbon economy and promoting a domestic carbon trading market.
However, China has also made it clear that reaching a deal in Paris would depend on the rich nations providing $100 billion in climate finance, easy technology transfer to the developing world and enhancement of their commitment to reduce emissions.
China’s action plan called intended nationally determined action (INDC) would put pressure on India to declare its plan to fight climate change. As of now, India proposed to submit its INDCs, which would include PM Narendra Modi’s ambitious plan to install capacity to generate 175 Gegawatts of renewable energy by 2020.
India may not declare a year when its carbon dioxide emissions would be maximum called peaking year. The reason is that such a move would put India at par with China on the global climate debate.
India’s overall as well as per capita carbon emissions are much less than that of China’s and is fourth biggest emitter after China, US and Europe.
Both US and Europe had submitted their INDCs in March this year. While, the US has committed to reduce its emissions by 26-28% of 2005 level by 2030, EU has promised to cut its emissions by 40% of 1990 level.