Xi Jinping mentions double carbon target Chinese scholars: pushing back economic and social reforms

China’s General Secretary Xi Jinping recently announced the promotion of “carbon peaking” and “carbon neutral” goals. Chinese scholars said that China intends to use the carbon reduction target to “push for reform” and make major changes in development methods, energy structures and social attitudes.

Xi Jinping, who chaired the 9th meeting of the Communist Party’s Central Committee of Finance and Economics, said on March 15 that “achieving peak carbon and carbon neutrality is a broad and profound economic and social systemic change.

China News Agency reported that China’s current energy structure is dominated by high-carbon-emitting fossil fuels, and total energy consumption is still on the rise. As the world’s largest developing country, China’s current scale of carbon emissions, industry structure, and resource and energy structure all indicate that it will not be easy to achieve the “double carbon” target.

Zhu Lijia, a professor at the Party School of the Central Committee of the Communist Party of China (CPC), said that although it is difficult, China needs to “push for reform” by reducing carbon emissions, and make deep and systematic changes in the development mode, energy structure and social concept.

China’s promotion of “double carbon” involves the “visible hand” and the “invisible hand”. According to the report, the government’s carbon regulation is the visible hand, while the carbon trading market is the invisible hand, which needs a stable price and an active market to play the role of carbon trading as a constraint on enterprises’ carbon emissions.

In addition to internal reform reasons, China also believes that the high standard of carbon reduction target demonstrates China’s willingness to make a new contribution to the global fight against climate change, which is beneficial to its international image.

According to Guo Yanjun, director of the Institute of Asian Studies at the Foreign Affairs Institute of the Ministry of Foreign Affairs of the Communist Party of China, many advanced countries have achieved peak carbon emissions as a natural process of technological and economic development, but China has taken the initiative to make systematic economic and social changes in response to global climate change, and its initiative “provides another reference and possibility for global climate governance worldwide. China’s initiative “provides another reference and possibility for global climate governance worldwide”.