China’s Policy Blitz Shows Fresh Resolve to Support Clean Energy
- Hard target for emissions perhaps the most consequential shift
- Government also intends to transform the electricity grid
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A spate of policy announcements highlights China’s rising confidence in accelerating climate action, as fears over energy security wane and the government steps up support for struggling green industries.
In the space of less than a week, China has overturned years of reticence to begin setting hard targets for carbon emissions, announced ambitious goals for provincial renewable energy consumption, and established a multi-year plan to strengthen its electricity grid. Its top planning agency has also laid out measures to beef up how industries measure their carbon footprints.