The Climate Institute: China has long been perceived as a laggard on climate action, and used as scapegoat by other countries, like Australia, to delay action. But this argument is increasingly difficult, if not impossible, to make given China’s recent policies.
China will soon have the world’s second largest carbon trading scheme and is aggressively pursuing other climate and clean energy policies. These are key findings outlined in a report released today, commissioned by The Climate Institute from Climate Bridge, a multi-national project developer with years of experience in emission reduction projects in China.
Alex Wyatt, CEO of Climate Bridge, said: “Reducing emissions in China is critical to preventing global climate change, so it is extremely encouraging to witness the Chinese authorities setting such ambitious policies. Indeed, China’s pilot emissions trading schemes will cover nearly twice the emissions of Australia’s scheme in 2014. Business and politicians that assume inaction from China are taking a huge gamble on a high carbon status quo.”
At today’s launch, hosted by Independent MP Tony Windsor at Parliament House, The Climate Institute also released an interactive world map that gives an overview of climate policies countries around the world have taken.
The map can be found here.
China’s seven pilot emissions trading schemes will be launched in 2013-14. Though covering a fraction of China’s total emissions, these pilots are expected to cover 700 million tonnes of CO2e by 2014, compared with 382 million tonnes in Australia, 165 million tonnes in California and 2.1 billion tonnes in Europe.
“Australian business and political leaders should recognise that the world is on the move and Australia’s high carbon economy and highest per capita carbon pollution levels is no advantage in the emerging low carbon global economy,” concluded Connor.
For more information
Kristina Stefanova | Communications Director, The Climate Institute | 02 8239 6299
Sarah Chapman | Press Officer, Climate Bridge | 03 8684 9933
- Carbon Markets and Climate Policy in China 1.48 MB pdf file
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