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China intends
Economy

China intends to reduce carbon emissions by 2060

16.06.2021
2 min read

China intends to reduce harmful emissions into the atmosphere

China intends to review the current processes of economic development and change them. Like many countries in the world, China is aware of the problem of environmental pollution and intends to follow the strategy to address this situation. Within this framework, Beijing has adopted a program of zero emissions until 2060, which is based on the use of energy from renewable sources. In addition, it plans to use natural carbon sinks, such as forest plantations.
China is the most populous country, which consumes the most energy resources. Consequently, it leads to huge amounts of harmful emissions into the atmosphere, air pollution and health problems. Therefore, Beijing has raised the issue of environmental preservation by moving to a zero carbon footprint by 2060. Besides, China is planning to increase investments into green energy within 5 years.
Local specialists are already developing new technologies for carbon utilization and storage. Now in different regions of the country a strategy of greening, based on the principle of Nature-Based Solutions, is being implemented. It envisages restoration of vegetation and ecosystems and purification of water bodies. Planting new forests will help absorb carbon emissions. According to experts, in this way it is possible to reduce air pollution by 30%.

China intends

However, not all experts share China’s plan. They doubt that the country will manage to reduce emissions to zero. Experts confirm their opinion with the analysis of the effectiveness of the greening program, which has been implemented in China for 40 years. At that time, new forests were planted with trees of the same species. The researchers found that in the case of carbon dioxide uptake, mono-shaped forests lose out compared to plantations of various plants.
Europe is the leader in solving climate problems. There, states have been implementing a zero-emission strategy for several years now and have taken cardinal steps to do so. In the European Union, mines are being shut down, companies are switching to alternative energy sources and using electric vehicles for logistical tasks. The EU has set a goal to meet the requirements of the Paris Agreement by 2050, and steps to achieve it are not always easy. First, this initiative requires large financial investments and costs. In addition, the closure of coal mines and power plants that run on solid fuel also requires money. However, the EU authorities are introducing various subsidies for alternative sources and electricity from them to popularize and develop this area, thus replacing the need for coal.
So far, countries have managed to implement a climate strategy. For example, all mines in Great Britain are closed, and Germany is also liquidating these facilities.

Tags: Global Economy
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Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

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