China's fight against greenhouse gases

As the world’s largest emitter of greenhouse gases, China has faced widespread criticism from the international community. 

 

China has had the world’s largest carbon footprint since 2004 and was responsible for 27% of global greenhouse gas emissions in 2019.

 

However, its per capita emissions – at about 6.8 tonnes of CO2 per person – are less than half those of nations including the US, Australia and Canada.

China has repeatedly emphasized the importance of transitioning to a greener, low-carbon economy.

 

In a speech to the United Nations in 2019, President Xi Jinping said that China will strive to reach peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060.

China launched its own trade pollution permit scheme in 2021. 

 

China’s scheme means firms are allocated a certain number of emissions allowances up to a set limit, or cap, and then either trade or buy allowances if they remain below or exceed this. 

 

China’s scheme is slightly different from those operating in other regions such as the European Union. China has chosen to focus on reducing the intensity of emissions generation, rather than absolute emissions.

write sth about China’s low carbon price

 

research how carbon prices fluctuate in ets (emissions trading scheme) system

Discuss the disadvantages and limitations here

Questions

  1. Explain 
  2. Assess
  3. Discuss

Question 2:

  • write sth