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How can China play the role of cities to achieve this goal From 2060 carbon neutralization

The following is the How can China play the role of cities to achieve this goal From 2060 carbon neutralization recommended by And this article belongs to the classification: new energy, research report, Mckinsey .

Since the outbreak of COVID-19, it has been raging around the world, which poses a serious threat to people’s lives and livelihoods. At the same time, a bigger threat is looming: climate change.

China, which accounts for 28% of the world’s total carbon emissions, has set ambitious emission reduction targets: carbon dioxide emissions should reach the peak by 2030, and carbon neutrality should be achieved by 2060. It is not easy to achieve this goal, but it is imperative. Since 1909, the average temperature in China has increased by 1.5 degrees Celsius, which means the country is warmer and wetter. Between 1980 and 2012, the level of East China Sea rose by 93 mm. Since the 1970s, glaciers have melted by 10%. If the heat wave and emissions reach the current level of 45 million in 2030, it will affect China. The proportion of outdoor working hours lost due to extreme heat and humidity will rise from 4% to 6.5% by 2030 and to 9% by 2050, equivalent to 6-9 trillion yuan of GDP.

China’s investment in renewable energy and fuel accounts for nearly one third of the world’s total; in 2018, China has more than 95% of the world’s electric bus fleet and nearly half of the world’s electric passenger vehicles (EV). Improving energy efficiency and using more renewable energy also reduce air pollution. According to the International Energy Agency (IEA), by 2024, China’s new renewable energy capacity will account for 40% of the world’s total. In short, by increasing the proportion of renewable energy, natural gas and electricity, China is accelerating the construction of a green and diversified energy supply system. On the other hand, the sustained development of economy and the continuous dependence on coal also mean that China has a long way to go towards carbon neutrality.

Cities play an important role in the process of decarbonization in China. The 15 cities in China contribute one third of GDP. Cities are not only the source of economic growth, but also the source of greenhouse gas emissions. At the same time, the city also has the conditions for action. There are major policy makers, large-scale investment funds, first-class universities and think tanks, growing high-income groups, and increasing public awareness of environmental protection. By continuously developing and popularizing climate solutions, mobilizing investment and supporting international cooperation, Chinese cities can effectively promote the regional and even global decarbonization process.

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