30% is a LOT.
And their smog problem is disgusting.
For all the newly hatched virtue-signaling “climate change warriors”, starting with Greta Thunberg of course, we have just one message: please take your complaints to Beijing (if you dare).
As Goldman’s Chinese economists write, to date, over 120 countries have announced targets to cut greenhouse gas (GHG) emissions and China’s recent commitment “may be one of the most ambitious”, if not most ridiculous. At the United Nations General Assembly last September, President Xi Jingping pledged that China is targeting peak CO2 emissions by 2030 and carbon neutrality by 2060. At the Fifth Plenum of the 19th Party Congress last October, discussions around the 14th Five-Year Plan and China’s long-term goals outlined stabilizing and falling carbon emissions by 2035. Last December, the government issued a white paper titled “China’s energy development in the new era”, and in February 2021, the State Council released the guidance for building a green low-carbon economic system.
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