09.12.2021_nib_Editorial_Klima_und_Energie_

Without China, the Paris climate targets can hardly be achieved. And without a restructuring of the CO2-intensive industries – steel, cement, petrochemicals, construction – China will hardly achieve its own targets. That is why the Ministry of Industry has now presented the appropriate five-year plan. It describes the next five years as the „decisive period“ for reducing emissions. And yet the plan once again contains no absolute reduction targets and shies away from ambitious targets. But Beijing often follows this pattern: Set low targets and far exceed them. Read the details of the climate plan and news on Chinese emissions trading in our analysis.