Going carbon neutral by 2060 ‘will make China richer’

Sep 29, 2020

A worker conducts quality-check of a solar module product at a factory of a monocrystalline silicon solar equipment manufacturer LONGi Green Technology Co, in Xian, Shaanxi province, China December 10, 2019. Picture taken December 10, 2019. REUTERS/Muyu Xu - RC2JXD9MAGM8

China’s rapid decarbonization would reduce oil demand, meaning that global prices would fall by up to 5%. Image: REUTERS/Muyu Xu

Hector Pollitt

Head of modelling, Cambridge Econometrics

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Modelled CO2 emissions in China under existing policies and technology trends (baseline, blue line) versus a pathway to net-zero by 2060 (ChinaNetZero, red), millions of tonnes of CO2. Image: Carbon Brief using Highcharts

Change in China’s GDP in the net-zero pathway, relative to the baseline, %. Image: Cambridge Econometrics modelling.

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