New Insight Briefing looks inside China's climate policies ahead of Paris

Reading time: 6 minutes
1 October 2015

NEW YORK: With the global COP21 climate talks in Paris just around the corner, BSR and The Climate Group, both founding members of We Mean Business, team up to provide an overview of China’s climate policies in a new Insight Briefing. They analyze China's national emission reduction targets and emissions trading market, as well as the role of the country’s sub-national governments and private sector in achieving a strong, low carbon economy.

Over the past 6 months, countries from around the world have submitted their intended plans for addressing climate change past 2020, called Intended Nationally Determined Contributions (INDCs). The INDCs provide an early indication of what a climate deal could look like at COP21. China’s INDC, which was submitted in June, includes clear targets – and clear policy instruments on how to achieve them.

Given the country’s huge economic output, China will be vital to the success of an international climate agreement. Based on an in-depth review of China’s climate policy documents as well as insights from global experts, BSR and The Climate Group's Insight Briefing analyzes China’s climate actions so far, plans for COP21 and key challenges to success, in order to foster understanding and collaboration among key actors in the lead-up to the negotiations.

Author of the breifing, Xiaochen Zhang, Associate Director, Climate Change, BSR, says: "In the lead-up to COP21, China has dramatically scaled up its climate commitments through both bilateral and multilateral platforms to signal the country’s support for the international climate talks in Paris. With the new momentum created by the country’s climate plan submitted to the UNFCCC, the US-China Joint Announcement on Climate Change and many exciting low carbon investment opportunities created for the private sector, the country will continue to play a vital role to the global efforts in limiting the global temperature rise to 2 degrees Celsius."

Changhua Wu, Greater China Director, The Climate Group, said: "The COP21 in Paris this December is expected to build up consensus and momentum for public and private sectors all over the world to take real climate action. Last week's US-China bilateral partnership sends the world a clear signal aligned with both of these pathways; that the global economy will be smart, more prosperous and sustainable because the two largest economies are now jointly taking the lead. As a commentator of current affairs in sustainable development, I feel encouraged and inspired by what is unfolding in China. I feel obligated to support the leadership to explore the new business model of sustainable development, beyond Paris. But why wait? Let's take action today."


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