I’m seeing increasing optimism that China’s leaders are incrementally implementing climate-positive policies. These are policies that violate Roger Pielke Jr.’s “Iron Law”. While I’m reading the current 5 Year Plan, and going through my notes on policy hints, I found this June Bloomberg piece which closes with these comments on possible carbon taxes as well as coal and carbon caps.
At the moment, while the ETS is being piloted, the Ministry of Finance (MOF) is also studying the possible implementation of carbon taxes. Yang Fuqiang said the National Development and Reform Commission favors the ETS system and the MOF the tax system, but it is uncertain which will be the leading policy in the end.
According to the CNS report, He also said nonfossil-fuel-based sources are expected to reach 15 percent in 2020, to reach 20 percent to 25 percent in 2030, and to hit 33 percent to 50 percent of the energy mix by 2050 in China.
Text of a speech by He given at a Low Carbon Development Forum at Tsinghua University in March shows he is in favor of setting caps on coal consumption and carbon emissions beyond the carbon intensity targets that have already been set, to “give stronger binding targets to promote the transformation of the current economic growth model,” but He did not suggest any policies had officially been set by the central government for the next planning period.