SHANGHAI — China’s massive auto sector is on track to peak its climate-warming carbon dioxide emissions by 2027, but given current trends, it’s unlikely to meet the country’s “net-zero” target for 2060, the government said environmental group Greenpeace on Tuesday.
Total CO2 emissions from the sector are expected to level off at 1.75 billion tons and fall steadily by 11% through 2035, Greenpeace estimates in a research report.
But it needs to cut emissions by at least 20% by 2035 if it wants to stay on track towards net-zero by 2060, Greenpeace said.
WEST VIRGINIA DIRECTS BLACKROCK FUND DUE TO ANTI-ENERGY ATTITUDE
China needs to increase sales of zero-emission vehicles to 63% by 2030 and 87% by 2035 if it is to meet its targets, the environmental group estimates.
“The ideal response is for automakers in China to phase out internal combustion engine vehicles completely by 2030,” said Bao Hang, project manager for Greenpeace Asia in Beijing.
China said in late 2020 in a 2021-2035 development plan for the sector that pure electric vehicles should account for 20% of sales by 2025 and then become “mainstream” by 2035.
The country’s cabinet said in an action plan to peak emissions last year that total sales of new and clean energy vehicles should reach about 40% of total sales by 2030.
CLICK HERE TO READ MORE ABOUT FOX BUSINESS
China sales of battery electric vehicles, plug-in gasoline-electric hybrids and hydrogen fuel cell vehicles rose 157.5% to 3.52 million units in 2021, official data showed.
