Reasons, Economic Instruments and Suggestions for China to Achieve Carbon Neutrality

Abstract

China's declaration to the international community that it will reach a carbon peak by 2030 and a carbon neutral by 2060 is of great significance to the global promotion of the objectives of the Paris Agreement and the improvement of climate issues, and has a positive and far-reaching impact on China's high-quality development. This paper explains the origin, reason and solutions of carbon neutralization, and analyzes the high-quality development opportunity of carbon peak towards carbon neutralization and the net zero carbon transformation and development in the new era of ecological civilization. To achieve carbon neutrality, we need to control greenhouse gas emissions from the source. Economic instrument is one of the important means, such as carbon pricing and carbon tax. Finally, it puts forward policy suggestions on carbon neutralization, such as the zero carbon technology, green finance and building circular economy.