The Prospective of the Mission of Carbon Emission Reduction by 2020 | Zendy

Jie Wang | Zendy; Hui Zhong | Zendy; Yanjuan Cui | Zendy

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The Prospective of the Mission of Carbon Emission Reduction by 2020

Author(s) -

Jie Wang,

Hui Zhong,

Yanjuan Cui

Publication year - 2010

Publication title -

international business research

Language(s) - English

Resource type - Journals

eISSN - 1913-9012

pISSN - 1913-9004

DOI - 10.5539/ibr.v4n1p187

Subject(s) - china , investment (military) , economic shortage , government (linguistics) , sustainable development , business , gross domestic product , unit (ring theory) , greenhouse gas , natural resource economics , economic policy , economic growth , economics , political science , ecology , linguistics , philosophy , mathematics education , mathematics , politics , law , biology

In 2009, China government announced that by 2020 it would voluntarily cut its carbon dioxide emissions per unit of gross domestic product (GDP) by 40% to 45% from the level of 2005. And this cuts would be “a binding goal” to be incorporated into China's medium and long-term national social and economic development plans. However, suspicion starts to emerge whether it is an over ambitious target for China government to achieve. The study has analyzed the current situation and problems of applying the target of cutting carbon dioxide emissions with aspects of polices, investment and industries, and then the positive and negative effects are analyzed further. This target helps China to adjust economic structure, enlarge the project approval supervision, and improve investment and clean energy development. At meanwhile, there are some difficulties such as dualistic economy, fast economic development as well as a shortage of funds and other issues. Achievement of emission reduction goals plays a very important role to promote circular economy vigorously, achieve sustainable development and build a harmonious society for China.

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