2020-12 03
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Expert: China makes big contribution to global carbon reduction



For more on China's blueprint on green development, Global watch talks to Shen Yiyang, director of Inclusive Development Research Center. Shen states that China's forest carbon uptake is underestimated. Over the past 10 years, forestation in China keeps increasing, which has made a big contribution to global carbon reduction. Source:CGTN Author:CGTN Date:December 3, 2020

2020-11 22
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G20 leaders vow to safeguard Earth, adopt clean energy



The Group of 20 (G20) leaders on Sunday emphasized G20 commitments to safeguarding the planet and adopting clean energy, said a G20 statement. During the second day of the G20 Riyadh Summit, the Saudi presidency hosted a high-level side event on safeguarding the planet, during which the G20 leaders highlighted the importance of the Circular Carbon Economy approach to manage greenhouse emissions across the world and industries to protect the planet. The statement noted that the G20 remains committed in its efforts to safeguarding the planet by preserving coral reefs, ocean ecosystems, and taking concrete actions to tackle land degradation and habitat loss. "With a coordinated approach on environment, we ensure the G20 countries' commitment to building a more inclusive, sustainable, and resilient future," the statement added. Addressing the meeting, Saudi King Salman bin Abdulaziz Al Saud stressed that safeguarding the planet is of critical importance. "With the increase in emissions because of economic and population growth, we must pioneer sustainable, pragmatic, and cost-effective approaches for achieving ambitious climate goals," he added. Source:Xinhua News Agency Author:Xinhua News Agency Date:November 22, 2021

2020-11 21
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China calls for more inclusive development in post-COVID world



With COVID-19 still causing widespread damage across the world, China on Saturday called for concerted efforts from major economies to promote more inclusive development and improve global governance in the post-pandemic era. The pandemic, which has infected over 57.4 million people and killed over 1.3 million worldwide, has exposed many weak links in global governance. The international community is wondering what the Group of 20 (G20) can do to make the system better, Chinese President Xi Jinping said when addressing the G20 Riyadh Summit via video link.  Xi said the G20, playing an irreplaceable role in the global fight against COVID-19, should uphold multilateralism, openness, inclusiveness, mutually beneficial cooperation, and keep pace with the times. Created in 1999, the G20 is the main forum for international cooperation on financial and economic issues. It comprises 19 countries – Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, Britain and the United States – plus the European Union. Helping developing countries "We should keep our support for developing countries and help them overcome the hardships caused by the pandemic," Xi told other G20 leaders, urging the world's leading economies to pursue more inclusive development.  China has fully implemented the G20 Debt Service Suspension Initiative (DSSI) while overcoming its own difficulties, with the total amount exceeding $1.3 billion, he noted.  The G20 launched the DSSI in April to address the immediate liquidity needs of low-income countries, allowing the debt service payments due from May 1 to the end of the year owed by the most impoverished countries to be suspended. The debt suspension will be extended by another six months until June 30, 2021, the G20 finance ministers and central bank governors decided in October.  China ranked first among the G20 members in terms of debt deferral amounts under the DSSI for the poorest countries, Finance Minister Liu Kun said recently.  Source:CGTN Author:CGTN Date:November 21, 2020

2020-11 13
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China's path to carbon neutrality by 2060



When China announced it would work towards achieving carbon neutrality by 2060, many saw it as nothing short of earth-shattering in the global fight against climate change. Why? China is the world's largest emitter of carbon dioxide – a potent greenhouse gas – accounting for 28 percent of the world's total output every year. In 2019, China's emissions surpassed those of the U.S., Europe and Japan combined. Despite China's per capita emissions being less than half of the U.S.', a significant part of the global fight against climate change still hinges on China's actions. Then, can China achieve its ambitious goal? This surely won't be an easy task. There is no denying that China has made significant strides in recent years in its low-carbon transition, by deploying renewable energy on a massive scale, among other measures. As of 2019, China's installed solar and wind power capacities accounted for a third of the world's respective totals. It is currently constructing more power plants than any other country in the world. The country is also the world's largest manufacturer and seller of electric cars and buses. But the picture is not all rosy. Fossil fuels, which produce large amounts of carbon dioxide still make up 85 percent of China's energy consumption. Coal, a major fossil fuel, alone accounts for 60 percent of China's energy consumption while the global average is around 30 percent. This means that for China to meet its momentous 2060 goal, it will have to significantly double down on its ongoing de-carbonization efforts. But how? The emissions of China's carbon dioxide can be traced to five main sectors: energy, manufacturing, transportation, agriculture and construction. Its energy and manufacturing sectors are leading sources of its carbon emissions. The country will have to dramatically increase its use of renewable energy over the next decades, transforming its current energy structure. This should not only be applied to the energy sector that generates electricity, but also to others, such as the transportation sector where electric vehicles should replace those powered by traditional energy. At the same time, technology will have to play an essential part in the process with roles ranging from improving energy efficiency, reducing or even removing greenhouse gases emissions in various sectors, to changing where carbon dioxide is emitted. For example, carbon capture and storage techniques are receiving increased attention in the energy and manufacturing sectors. Their deployment means wasted carbon dioxide can be captured and later released where it does not enter the atmosphere. All these transformations will require the government to implement policies that can incentivize individuals and businesses to reduce their own carbon footprint. Meanwhile, capital also needs to be injected to make changes possible. According to an estimate by Boston Consulting Group, China would need 90 to 100 trillion yuan in investment between now and 2050 to support its carbon neutrality agenda. China's path to realizing its 2060 carbon neutrality goal will not be an easy ride. However, this long-term goal is an indication of China's great commitment to a green transition. Although the goal is 40 years down the road, the efforts need to begin today. Cited from CGTN. Scriptwriter: Xu Sicong Managing editor: Xu Sicong Senior producer: Wei Wei Managing director: Mei Yan Source:CGTN Author:CGTN Date:November 13, 2021

2020-11 04
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China unveils blueprint to become global leader in innovation



China has outlined priority areas and measures for turning the world's second largest economy into a global innovation leader over the next 15 years, vowing to make major breakthroughs in key and core technologies.  The country will pursue innovation-driven development and implement a number of strategic projects in the fields of artificial intelligence, quantum information, integrated circuits, life and health, brain science, breeding, aerospace science and technology, and deep Earth and ocean exploration, according to the full text of the Communist Party of China (CPC) Central Committee's development proposals made public Tuesday.  The document, the Party leadership's proposals for formulating the 14th Five-Year Plan (2021-2025, FYP) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035, was adopted at the fifth plenary session of the 19th CPC Central Committee which closed on October 29. Self-reliance in science and technology In an explanatory speech on the proposals, Xi Jinping, general secretary of the CPC Central Committee, stressed that China should focus on promoting high-quality development during its 14th FYP period. To this end, China vows to uphold the central role of innovation in its modernization drive and take self-reliance in science and technology as strategic underpinning for national development, according to the proposals.  China will improve the national innovation system and speed up efforts to build the country into a scientific and technological powerhouse, the document said.  "On the one hand, we will improve our capabilities in independent innovation because key and core technologies cannot be bought," Wang Zhigang, minister of science and technology, said at a press conference last Friday.  "On the other hand, we also hope to learn more advanced experience from other countries while sharing with the world more scientific and technological achievements of China and contributing more 'Chinese wisdom' for tackling global challenges," Wang added.  The document underscored the "dominant role" of enterprises in innovation, vowing to enhance their innovation capacity.  China will promote the building of national laboratories, plan and develop national science centers and regional innovation centers, and support the formation of international science and technology innovation centers in Beijing, Shanghai, and the Guangdong-Hong Kong-Macao Greater Bay Area, the proposals said. Strategic emerging industries and green development The document also identified a number of "strategic emerging industries" and pledged to speed up the development of these industries, including new-generation information technology, biotechnology, new energy, new materials, high-end equipment, new energy vehicles, environmental protection, aerospace, and marine equipment.  The proposals called for the deep integration of internet, big data and artificial intelligence with other industries, facilitating the cluster development of advanced manufacturing, building a series of strategic emerging industries as new growth drivers, and nurturing new technologies, new products, new business models and new business forms.  Meanwhile, China will introduce a series of measures to facilitate the overall green transformation of economic and social development, said the document.  China will reduce its carbon intensity, or the amount of carbon emissions per unit of GDP, and make an action plan to achieve the goal of having CO2 emissions peak before 2030. The pledge is part of China's efforts to promote green development and a global green revolution in the post-COVID era.  Chinese President Xi Jinping in September said that the country aims to achieve carbon neutrality by 2060.  "COVID-19 reminds us that humankind should launch a green revolution and move faster to create a green way of development and life," Xi said in an address delivered via video link to the General Debate of the 75th session of the United Nations General Assembly.  He urged all countries to "take decisive steps" to honor the 2015 Paris Agreement on climate change and pledged that China will "have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060." 'Victory in sight' for achieving 'xiaokang' goal China has attained "decisive achievements" in securing a victory in building a moderately prosperous (known as "xiaokang" in Chinese) society in all respects, according to the document, which said "a victory is in sight" for accomplishing the goal.  In his explanatory speech, Xi said the CPC Central Committee will carry out systematic assessment and review of the building of a moderately prosperous society in all respects in the first half of 2021 before officially announcing the achievement of moderate prosperity throughout the society.  It remains the Party's firm commitment to the people to comprehensively build a moderately prosperous society of a higher level for the benefit of more than 1 billion people by the time the CPC marks its 100th founding anniversary next year, he stressed. The proposals also elaborated on China's decision to establish a new development pattern where domestic and foreign markets can boost each other with the domestic market as the mainstay, while pledging to continue to enhance the level of opening-up.  Support will be given to the Hong Kong and Macao special administrative regions in enhancing their competitive edges and integrating their own development into the overall development of the country, said the document. Source:CGTN Author:CGTN Date:November 4, 2021