Major economic policies boost recovery in 2021

Updated: Dec 27, 2021 Print
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Green and low-carbon development policies

China's national carbon trading and first 30-60 international conference is held in Wuhan, Central China's Hubei province, on July 16, 2021. [Photo/Xinhua]

China took a series of measures to promote green growth to meet goals to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.

As one of the essential policy instruments to achieve these goals, China's national carbon market - the largest in the world - began trading simultaneously on July 16 this year in Beijing, Shanghai and Wuhan.

China also released a top-design working guideline to boost pricing reforms in electricity markets, raising the proportion of non-fossil energy in its energy consumption to about 25 percent by 2030 and more than 80 percent by 2060.

These policies, aiming to encourage enterprises to reduce carbon dioxide emission and adopt green development measures, demonstrate China's full commitment to participating in global climate governance.

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