The Fort Worth Press - In first, China unveils specific emissions targets

USD -
AED 3.672504
AFN 63.000368
ALL 82.776172
AMD 376.396497
ANG 1.790083
AOA 917.000367
ARS 1391.503978
AUD 1.422273
AWG 1.8025
AZN 1.70397
BAM 1.687271
BBD 2.010611
BDT 122.494932
BGN 1.709309
BHD 0.377087
BIF 2954.923867
BMD 1
BND 1.276711
BOB 6.898158
BRL 5.313404
BSD 0.998318
BTN 93.32787
BWP 13.612561
BYN 3.028771
BYR 19600
BZD 2.007764
CAD 1.37265
CDF 2275.000362
CHF 0.78844
CLF 0.023504
CLP 928.050396
CNY 6.886404
CNH 6.906095
COP 3669.412932
CRC 466.289954
CUC 1
CUP 26.5
CVE 95.125739
CZK 21.149204
DJF 177.768192
DKK 6.457504
DOP 59.25894
DZD 132.24804
EGP 51.758616
ERN 15
ETB 157.330889
EUR 0.862704
FJD 2.21445
FKP 0.75164
GBP 0.749681
GEL 2.71504
GGP 0.75164
GHS 10.882112
GIP 0.75164
GMD 73.503851
GNF 8750.377432
GTQ 7.646983
GYD 208.85994
HKD 7.83525
HNL 26.423673
HRK 6.511304
HTG 130.966657
HUF 339.680388
IDR 16956.2
ILS 3.109125
IMP 0.75164
INR 94.01055
IQD 1307.768624
IRR 1315625.000352
ISK 124.270386
JEP 0.75164
JMD 156.839063
JOD 0.70904
JPY 159.240385
KES 129.327524
KGS 87.447904
KHR 3989.129966
KMF 427.00035
KPW 899.870128
KRW 1505.310383
KWD 0.30657
KYD 0.831903
KZT 479.946513
LAK 21437.260061
LBP 89404.995039
LKR 311.417849
LRD 182.685589
LSL 16.84053
LTL 2.95274
LVL 0.60489
LYD 6.39089
MAD 9.328473
MDL 17.385153
MGA 4162.53289
MKD 53.176897
MMK 2099.940821
MNT 3585.542519
MOP 8.05806
MRU 39.961178
MUR 46.510378
MVR 15.460378
MWK 1731.096062
MXN 17.898204
MYR 3.939039
MZN 63.903729
NAD 16.84053
NGN 1356.250377
NIO 36.733814
NOK 9.569995
NPR 149.324936
NZD 1.712622
OMR 0.384504
PAB 0.998318
PEN 3.451408
PGK 4.309192
PHP 60.150375
PKR 278.721304
PLN 3.69475
PYG 6520.295044
QAR 3.65052
RON 4.401504
RSD 101.324246
RUB 82.822413
RWF 1452.529871
SAR 3.754657
SBD 8.05166
SCR 13.69771
SDG 601.000339
SEK 9.344038
SGD 1.282504
SHP 0.750259
SLE 24.575038
SLL 20969.510825
SOS 570.504249
SRD 37.487504
STD 20697.981008
STN 21.136177
SVC 8.734849
SYP 110.536894
SZL 16.845965
THB 32.908038
TJS 9.588492
TMT 3.51
TND 2.948367
TOP 2.40776
TRY 44.252504
TTD 6.773066
TWD 32.036704
TZS 2595.522581
UAH 43.73308
UGX 3773.454687
UYU 40.227753
UZS 12170.987361
VES 454.69063
VND 26312
VUV 119.352434
WST 2.727514
XAF 565.894837
XAG 0.014693
XAU 0.000222
XCD 2.70255
XCG 1.799163
XDR 0.703792
XOF 565.894837
XPF 102.885735
YER 238.603589
ZAR 17.12748
ZMK 9001.203584
ZMW 19.491869
ZWL 321.999592
  • BCE

    0.0600

    25.79

    +0.23%

  • RIO

    -2.5000

    83.15

    -3.01%

  • NGG

    -3.5400

    81.99

    -4.32%

  • CMSC

    -0.2000

    22.65

    -0.88%

  • RBGPF

    -13.5000

    69

    -19.57%

  • BCC

    -1.5600

    68.3

    -2.28%

  • GSK

    -0.5300

    51.84

    -1.02%

  • CMSD

    -0.2420

    22.658

    -1.07%

  • BTI

    -1.3500

    57.37

    -2.35%

  • VOD

    -0.0900

    14.33

    -0.63%

  • AZN

    -5.3300

    183.6

    -2.9%

  • RELX

    -0.4600

    33.36

    -1.38%

  • RYCEF

    -1.2600

    15.34

    -8.21%

  • BP

    -1.0800

    44.78

    -2.41%

  • JRI

    -0.3900

    11.77

    -3.31%

In first, China unveils specific emissions targets
In first, China unveils specific emissions targets / Photo: © AFP

In first, China unveils specific emissions targets

China on Wednesday issued its first ever absolute targets for cutting planet-warming gases, a landmark pledge from the world's top polluter as the United States doubles down on fossil fuels and Europe falters.

Text size:

The announcement was delivered via video by President Xi Jinping to a UN climate summit where some 120 nations will outline plans to curb global warming, which is intensifying disasters worldwide from floods in Pakistan to raging wildfires in Spain.

Under the new plan, China will reduce economy-wide emissions by 7–10 percent by 2035 relative to the year of the country's peak emissions, believed to be 2025.

Observers said that while the absolute figure may seem modest, China has a record of under-promising while over-delivering, driven by its green technology boom.

It comes as the United States under President Donald Trump, who called climate change a "con job" at the UN a day earlier, boosts fossil fuels both at home and abroad.

"Green and low carbon transition is the trend of our time," said Xi in an official translation. "While some country is acting against it, the international community should stay focused in the right direction."

China, responsible for nearly 30 percent of global emissions, had previously pledged to peak its carbon output before 2030 and achieve carbon neutrality by 2060, without ever previously setting near-term numeric targets for total emissions reductions.

The new goal is backed by commitments to expand wind and solar six times over 2020 levels, drastically expand forests, and ramp up electric cars production.

Most wealthy nations, historically the biggest contributors to warming, peaked decades ago but still lack credible plans to reach carbon neutrality by 2050.

- Behind schedule -

"Beijing's commitment is a cautious step that favors steadiness and delivery over ambition" Li Shuo, an expert at the Asia Society think tank who is well-connected in Beijing, told AFP.

"The good news is that in a world increasingly driven by self-interest, China may be better positioned than most to advance climate action," he added.

The stated trajectory is similar to the path followed by the US and EU in the decade after their peak emissions but would fall well short of what is needed to limit warming to 1.5C above pre-industrial levels -- the target set by the 2015 Paris Agreement to avoid the worst climate catastrophes.

But by presenting a target well ahead of COP30, the year's main climate gathering in Belem, Brazil, China signals its ongoing commitment to the international process after the United States departed the Paris agreement for a second time.

Under the 2015 accord -- which nearly every country is part of -- nations freely set their own targets but must strengthen them every five years.

Most are behind schedule, notably the European Union, where several states fear moving too fast could hurt industry.

France, for example, faces shaky finances and political turmoil, and wants more clarity on investment frameworks before committing to deeper decarbonization.

But French President Emmanuel Macron used his turn at the podium to rebut Trump's broadside on climate change, telling fellow leaders the science is "clear enough."

- Catastrophe v hope -

The UN meanwhile is trying to strike a balance between warning of catastrophe and maintaining hope.

On one hand, UN Secretary-General Antonio Guterres told AFP last week that chances of limiting warming to 1.5C are on the verge of "collapsing," a view echoed by climatologists, with current temperatures already about 1.4C above pre-industrial levels.

But on Wednesday, he struck a more positive note, saying the landmark Paris climate accord "has made a difference," as he opened the summit.

"In the last 10 years, projected global temperature rise has dropped from four degrees Celsius to less than three," he said.

Part of that progress stems from China. A decade ago, three-quarters of its electric mix came from coal -- a figure now down to half. Its booming exports of solar panels, batteries, and electric cars are cutting emissions abroad as well.

L.Davila--TFWP