Carbon Brief’s China Briefing on June 15, 2023: Updates on CBAM Dispute, New Energy Achievement, and Extreme Heat
Carbon Brief’s China Briefing on June 15, 2023, provides an update on the latest developments in China’s efforts to address climate change. The briefing covers three key areas: the ongoing dispute over the Carbon Border Adjustment Mechanism (CBAM), China’s new energy achievement, and the extreme heat that has been affecting the country.
CBAM Dispute
The Carbon Border Adjustment Mechanism (CBAM) is a proposed policy by the European Union (EU) that would impose a carbon tax on imports from countries with weaker climate policies. The policy has been met with resistance from China, which argues that it is discriminatory and violates World Trade Organization (WTO) rules.
The briefing notes that the dispute over CBAM continues, with China threatening to take legal action against the EU if the policy is implemented. The EU, for its part, has argued that CBAM is necessary to ensure a level playing field for European companies that are subject to strict emissions regulations.
New Energy Achievement
China has been making significant progress in transitioning to renewable energy sources in recent years. The briefing highlights a new achievement in this area: China has become the world’s largest producer of solar energy.
According to the briefing, China’s solar energy capacity reached 252 GW in 2022, surpassing the United States as the world’s largest producer. This achievement is significant because solar energy is a key component of China’s efforts to reduce its reliance on fossil fuels and meet its climate targets.
Extreme Heat
China has been experiencing extreme heat in recent weeks, with temperatures reaching record highs in some areas. The briefing notes that this heatwave is consistent with the trend of increasing temperatures due to climate change.
The extreme heat has had a number of impacts, including power outages and disruptions to transportation. The briefing notes that these impacts are likely to become more frequent and severe in the future if action is not taken to address climate change.
Conclusion
Carbon Brief’s China Briefing on June 15, 2023, provides a snapshot of the latest developments in China’s efforts to address climate change. The ongoing dispute over CBAM highlights the challenges of balancing trade and climate policies, while China’s new energy achievement demonstrates the progress that can be made in transitioning to renewable energy sources. The extreme heat that has been affecting the country serves as a reminder of the urgent need to take action to address climate change.
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