Potential pathways to reach energy-related CO2 emission peak in China: analysis of different scenarios.

Abstract

The prevalence of global unilateralism and the shock of COVID-19 brought considerable uncertainty to China's economic development. Consequently, policy selection related to the economy, industry, and technology is expected to significantly impact China's national economic potential and carbon emission mitigation. This study used a bottom-up energy model to assess the future energy consumption and CO2 emission trend before 2035 under three scenarios: a high-investment scenario (HIS), a medium-growth scenario (MGS), and an innovation-driven scenario (IDS). These were also used to predict the energy consumption and CO2 emission trend for the final sectors and calculate each sector's mitigation contribution. The main findings were as follows. Firstly, under HIS, China would achieve its carbon peak in 2030, with 12.0 Gt CO2. Moderately lowering the economic growth rate to support the low-carbon transition of the economy by boosting the development of the low-carbon industry and speeding up the employment of key low-carbon technologies to improve energy efficiency and optimize energy structure in the final sectors, the MGS and the IDS would achieve carbon peak approximately in 2025, with a peak of 10.7 Gt CO2 for the MGS and 10.0 Gt CO2 for the IDS. Several policy recommendations were proposed to meet China's nationally determined contribution targets: instigating more active development goals for each sector to implement the "1+N" policy system, taking measures to accelerate the R&D, boosting the innovation and application of key low-carbon technologies, strengthening economic incentives, forming an endogenous driving force for market-oriented emission reduction, and assessing the climate impacts of new infrastructure projects.