World Bank: China could cut 55% of its carbon emissions by 2020

10:15, April 21, 2010      

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China can achieve greater cuts to its carbon emissions without slowing down economic development, according to a World Bank report titled "Winds of Change: East Asia's Sustainable Energy Future."

The report suggests that China's carbon emission per unit of GDP will decline 53 to 55 percent if China can realize an average annual reduction of 4.3 percent.

"This target can be achieved without affecting economic expansion," said Wang Xiaodong, a senior expert on energy with the World Bank.

However, the annual target to decrease emissions per GDP by 4.3 percent is still "challenging", considering that China only cut emissions by 3.4 percent per unit of GDP during the last decade, said Wang.

He also pointed out that the figure was in accordance with the research report of China's National Development and Reform Commission (NDRC).

China should try to exploit its potentials in energy conservation by market-pricing mechanisms and financial motivation during the country's 12th Five-Year Plan, according to the report. And developed countries are urged to provide financial support and transfer low-carbon technology to developing countries.

The promotion of technology for raising energy efficiency will help to achieve the targets of stabilizing the East Asian countries' carbon emission, cut air pollution by 50 percent and strengthening energy security by 2025, according to the report.

These targets require annual growth of 80 billion U.S. dollars in East Asia, 80 percent of which should enter China, in order to raise energy efficiency and tackle the costs and risks of renewable energy development.

"It is necessary for developed countries to provide financial support and low-carbon technology to China," Wang said, adding that a stronger effort in industrial restructuring and taxation reform on energy products will help to realize higher targets.

According to the World Bank's report, China is already the world's largest renewable energy producer. The report suggested that China should provide a level playfield for renewable energy and fossil fuel by introducing financial support for renewable energy or levying resource taxes on fossil fuel.

The high speed and large scale of China's urbanization provided an opportunity for the construction of low-carbon cities, said Wang.

In next 30 years, 300 million rural residents will enter the cities. The World Bank suggested that China should start planning "smart cities" through public transportation, clean vehicles, green building, a distributed generation system and a smart power grid.

By People's Daily Online

(Editor:祁澍文)

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