China can decarbonise the world – but even that won’t fix its overcapacity problem

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China’s leadership said in 2020 that it would achieve an emissions peak by 2030 and carbon neutrality by 2060. Although these goals have not been formally adopted in law, China has published a series of regulations to pave the way, including the Action Plan for Carbon Emission Peaking Before 2030 and the Energy Law of China. As a crucial part of its decarbonisation campaign, China aims to raise the share of energy consumption generated from non-fossil fuel sources to 20 percent by 2025, 25 percent by 2030 and 80 percent by 2060. Solar and wind power will meet the bulk of this increased demand. This share stood at 19.8 percent in 2024, only a nudge away from the 2025 target.

Source: Wikipedia