The Evolution Logic, Opportunities and Challenges of China's "Double Carbon" Policy under the US-China Trade War

Abstract

The outbreak of the U.S.-China trade war has had a profound effect on China's domestic energy market. It has caused drastic fluctuations in energy prices, such as coal and natural gas, and has profoundly affected China's goal of "double carbon." Through the collection of relevant literature and data analysis, this paper summarizes the evolution logic of China's "double carbon" policy from a macro to micro perspective, including its status, objectives, layout, and implementation. It reveals the opportunities presented by China's "double carbon" policy, such as reducing energy dependence, forcing enterprises to transform and upgrade their foreign trade structure under the background of the U.S.-China trade war. However, China's "double carbon" policy is also facing the challenge of "carbon tariffs." Since the goal of "double carbon" is related to the Community of Shared Future for Mankind, global climate control, and China's green development plan, the author hopes to clearly demonstrate the promotion process and future trends of China's "double carbon" policy through this article.