Wednesday, November 12, 2014

U.S.-China Joint Announcement on Climate Change and Clean Energy Cooperation | The White House

FACT SHEET: U.S.-China Joint Announcement on Climate Change and Clean Energy Cooperation | The White House

From The White House:

Building on strong progress during the first six years of the Administration, today President Obama announced a new target to cut net greenhouse gas emissions 26-28 percent below 2005 levels by 2025.  At the same time, President Xi Jinping of China announced targets to peak CO2 emissions around 2030, with the intention to try to peak early, and to increase the non-fossil fuel share of all energy to around 20 percent by 2030. 
Together, the U.S. and China account for over one third of global greenhouse gas emissions.  Today’s joint announcement, the culmination of months of bilateral dialogue, highlights the critical role the two countries must play in addressing climate change.  The actions they announced are part of the longer range effort to achieve the deep decarbonization of the global economy over time.  These actions will also inject momentum into the global climate negotiations on the road to reaching a successful new climate agreement next year in Paris.
The new U.S. goal will double the pace of carbon pollution reduction from 1.2 percent per year on average during the 2005-2020 period to 2.3-2.8 percent per year on average between 2020 and 2025.  This ambitious target is grounded in intensive analysis of cost-effective carbon pollution reductions achievable under existing law and will keep the United States on the right trajectory to achieve deep economy-wide reductions on the order of 80 percent by 2050... 
News items on this announcement:

U.S., China Unveil Ambitious Climate Change Goals

The U.S.-China Deal Won’t Stop Climate Change. But It’s Exactly What We Needed.

Questions Over China’s Climate Change Plan

Politicians and Climate Experts React to U.S.-China Emissions Pact

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