Wednesday, July 10, 2013

China says it will not set carbon cap

Wednesday, July 10, 2013
London-although several major newspapers of record in May reported that the Chinese national development and Reform Commission (NDRC) had proposed introducing a limit on greenhouse gases from 2016, says the nation that it has no such plan.

The Financial Times reported that Jiang Kejun, a CO2 policy researcher with the NDRC said China considered an emissions cap for the 13th five-year plan (2016-2020) and was looking at an appropriate level.

Su Wei, China's Chief climate negotiator and Director-General of the NDRC Department of climate change, dismissed the reports in an interview with Bloomberg in determining that China its current agreement to the cut the carbon intensity (a measure of CO2 emissions in relation to economic performance) maintained the levels of up 2020. Su's comments will be about 40 percent 2005 are the first by a senior Chinese negotiator, since the reports were published.

"There are many ways that we can achieve the carbon intensity target by 2020," said Su. "We would make certainly five-year plans regulations both in the 12th and 13th to achieve this goal." NDRC announced a carbon trading system in Shenzhen to launch the 638 companies recorded to produce the 38 percent of emissions in the city. Six other sites plan to roll out before 2014 scheme.

Nearly a quarter of the world's CO2 emissions for China.

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