China to Cut Carbon Emissions by 17% 2026-30, Supporting Asia-Pacific Green Transition
China aims to reduce carbon dioxide emissions per unit of GDP by 17% between 2026 and 2030, promoting green development initiatives. The plan includes establishing a national fund for low-carbon transition, fostering hydrogen power, and regulating energy-intensive projects. Analysts suggest that China's efforts can serve as a model for other Asian countries seeking to reduce emissions. The upgraded China-ASEAN Free Trade Agreement will further enhance cooperation in renewable energy and green economy initiatives.
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China plans to reduce carbon dioxide emissions per unit of GDP by 17% during the 2026-30 period, according to a report from the National People's Congress. The initiatives will include creating a national fund for low-carbon transition, promoting hydrogen power, and regulating high-emission projects.
Analysts highlight that China's approach can guide other Asian nations in their decarbonization efforts. Additionally, the upgraded China-ASEAN Free Trade Agreement encourages collaboration in renewable energy and green economy sectors. China's investments in clean energy reached $625 billion in 2024, with a significant portion of global wind turbines and solar panels produced domestically.
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