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Australia calls China global leader in climate change fight
April 29, 2013
Australia calls China global leader in climate change fight
A new report by Australia’s Climate Commission says that China is one of the world’s bright spots in global action to curb the effects of climate change. Though China remains the world’s biggest greenhouse gas emitter, the report, The Critical Decade: global action building on climate change, found that in 2012, China reduced carbon intensity of its economy more than expected and almost halved the rate of growth for electricity demand.
Last year, China also cemented its position as a renewable energy powerhouse, expanding solar power capacity by 75 percent, and investing more than USD65 billion in clean energy, 20 percent more than in 2011 and far more than any other nation. The report predicts China could see its emissions peak sooner than expected if investement continues to accelerate, driven by new initiatives such as seven planned carbon markets that are due to launch from June in a number of cities.
China and US together produce approximately 37 percent of world emissions, but both nations are on track to meet their international commitments to tackle climate change, the report states. In recent months, they have each signaled they will be strengthening their efforts and in April they reached a historic agreement to tackle climate change together.
Read more at CleanBizAsia.
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