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China’s Carbon Neutral Strategy and Policy Insights
- Author Jihyun Jung
- Series265
- Date2023-06-07
Responding to climate change is a major challenge for the international community, and it is a particularly difficult challenge for China, the world's largest carbon emitter and developing country. However, China is pursuing a carbon-neutral strategy to use these challenges as opportunities for new development. According to the World Bank report (2022), China's reform policy (i.e. rebalancing the economy from infrastructure investment to innovation, from exports to domestic demand, and from state-led to market-led resource allocation) can significantly lower the cost of China's climate action. In the global green transition, as China pursues a strategy to maximize its strengths, such as resources, green transition technology, and state capitalism, and expand its global influence, the world economy, including S. Korea, is significantly affected, and the impact can be further expanded.
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