China’s Curbs on Property and Covid Have Cut Emissions - For Now
- Climate analyst says emissions post longest drop in a decade
- Rebound will be keyed to scale of infrastructure spending
Vehicles travel along a near-empty highway during a lockdown on May 24.
Source: Qilai Shen/BloombergThis article is for subscribers only.
China’s carbon emissions have posted their longest sustained drop in a decade due to Beijing’s efforts to rein in the property market, boost clean energy and control the spread of the virus.
Carbon output dropped 1.4% in the first three months of 2022, marking three consecutive quarters of falling emissions that began last summer when the government tightened its policies on the real estate sector, according to a blog post for Carbon Brief by Lauri Myllyvirta, an analyst at the Centre for Research on Energy and Clean Air.