Abstract:

Achieving carbon peaking and climate neutrality goals is a major strategic decision of the Central Committee of the Communist Party of China. At present, structural contradictions in China's population structure, investment efficiency, and energy supply and demand are the three main obstacles. China plans to move from “carbon peaking” to “climate neutrality” within three decades from 2030 to 2060, which is shorter than most developed countries. Therefore, China is facing greater challenges in the technical, economic, and social. It must balance the relationship between economic growth and carbon reduction. Success relies upon building a “1+N” policy system, promoting low-carbon industries, establishing a low-carbon investment market, increasing R&D investment in low-carbon technologies, and jointly promoting air pollution control with low-carbon control.

Key words: carbon peaking and climate neutrality, high-quality development, transformation risk