China unveils 15th climate plan, targets 17% cut in CO2 intensity by 2030

China's Ministry of Ecology and Environment, together with 18 other government departments including the National Development and Reform Commission, released the national climate change plan for the 15th "Five-Year Plan" period on July 29, outlining goals and tasks for addressing climate change through 2030. The plan targets a 17% reduction in carbon dioxide emissions per unit of GDP by 2030 from 2025 levels, and a roughly 3% decline in CO2 emissions per unit of product in sectors covered by the national carbon emissions trading market over the same period. It also aims to build a national greenhouse gas voluntary emission reduction trading system that is transparent, unified in methodology, widely participated in and aligned with international standards, establish a product carbon footprint management system, strengthen monitoring and control of non-CO2 greenhouse gases, and achieve a reduction capacity of 30 million tonnes of CO2 equivalent.

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