Premier Li Keqiang: an action plan will be formulated to reach carbon peak and new energy will be largely developed
Chinese Premier Li Keqiang delivered a government work report at the opening of the fourth session of the 13th National People’s Congress (one of the “two sessions”) in Beijing, China, March 5, 2021. He also confirmed that China set an economic growth target of ‘above 6 per cent’ for 2021.
In terms of climate, his report mentioned the followings:
– Cut energy intensity (a ratio that measures how much energy is used in driving economic growth) by around 3% in 2021
– Cut energy intensity by 13.5% and carbon intensity – a ratio measuring how much carbon is emitted in growing the economy – by 18% over the 2021-2025 period
The report also points out that the government will do the following things:
Do a solid job in reaching carbon emission peak, carbon neutrality.
Formulate an action plan to peak carbon emissions by 2030.
Optimize the industrial structure and energy structure.
Promote clean and efficient use of coal, vigorously develop new energy, and actively and orderly develop nuclear power on the premise of ensuring safety.
Expand the list of income tax preferences for companies of environmental protection, energy conservation and water conservation, encourage R&D and application of new energy-saving and environmental protection technologies, equipment, and products, and foster and strengthen the energy conservation and environmental protection industries.
Develop a national market for trading energy use and carbon emission rights and improve the control of energy consumption.
Implement special financial policies to support green and low carbon development and set up tools to support carbon emission reduction.
As a member of the global village, China will tackle climate change with concrete actions and make its due contribution to the world.
For the whole work report, please click here.