The Prospective of the Mission of Carbon Emission Reduction by 2020

Jie Wang, Hui Zhong, Yanjuan Cui

Abstract


In 2009, China government announced that by 2020 it would voluntarily cut its carbon dioxide emissions per unit of gross domestic product (GDP) by 40% to 45% from the level of 2005. And this cuts would be “a binding goal” to be incorporated into China's medium and long-term national social and economic development plans. However, suspicion starts to emerge whether it is an over ambitious target for China government to achieve. The study has analyzed the current situation and problems of applying the target of cutting carbon dioxide emissions with aspects of polices, investment and industries, and then the positive and negative effects are analyzed further. This target helps China to adjust economic structure, enlarge the project approval supervision, and improve investment and clean energy development. At meanwhile, there are some difficulties such as dualistic economy, fast economic development as well as a shortage of funds and other issues. Achievement of emission reduction goals plays a very important role to promote circular economy vigorously, achieve sustainable development and build a harmonious society for China.


Full Text: PDF DOI: 10.5539/ibr.v4n1p187

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

International Business Research  ISSN 1913-9004 (Print), ISSN 1913-9012 (Online)

Copyright © Canadian Center of Science and Education

To make sure that you can receive messages from us, please add the 'ccsenet.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.