The dragon is quenching its fire. China, the world's largest emitter of carbon dioxide, wants its emissions to reach a peak by 2025. China has already committed to lowering the carbon intensity of its economy: it has promised to reduce the emissions associated with every generated dollar of GDP by 45 per cent between 2005 and 2020. But that won't halt its soaring emissions, and its carbon intensity will still be more than double that in the US and Europe. Now, Chinese media are reporting that the National Development and Reform Commission wants caps on total emissions from 2016, with a peak a decade later. The plan has yet to be formally approved, but follows the introduction of caps and trial emission-trading schemes in seven provinces.
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