China has consistently reduced carbon dioxide emissions so far in the 14th Five-Year Plan period (2021-2025), Vice Minister of Ecology and Environment Li Gao said on Friday.
Speaking at a press conference in Beijing, Li noted that the country has completed full-process or key project ultra-low emission upgrades for coal power generation units totaling 1.12 billion kilowatts and crude steel production capacity of 950 million tons.
"In collaboration with other competent departments, we have actively promoted the transformation and upgrading of energy and industry, as well as green and low-carbon development in key areas. We have built the world's largest and fastest-growing renewable energy system, with the total installed wind and solar power capacity already meeting the national target set for 2030 ahead of schedule," said the vice minister.
Additionally, China has established the world’s largest carbon emissions trading market in the five-year period, which covers more than 60 percent of the nation’s carbon emissions.
As of Sept. 18, some 714 million tons of carbon emission allowances had been traded for over 48.96 billion yuan (about 6.88 billion U.S. dollars), demonstrating strong market vitality.
In July 2021, China officially launched its national carbon emissions trading market. The platform has since evolved into the world's largest carbon market by the amount of greenhouse gas emissions traded.
Carbon emissions trading, which allows the buying and selling of permits to emit carbon dioxide or other greenhouse gases, is regarded as one of the critical tools to help reduce carbon footprints and meet emissions targets.
China continuously reduces CO2 emissions in 2021-2025 period: vice minister
China is willing to strengthen communication, enhance trust, eliminate interference, and deepen cooperation with Canada to bring bilateral relations forward on a steady and sound track in solid strides under the new circumstances, said Chinese Foreign Minister Wang Yi on Thursday.
Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, met with Canadian Foreign Minister Anita Anand in Beijing on the day.
Referring to Canadian Prime Minister Mark Carney's visit to China, the first by a Canadian prime minister in eight years, Wang said the trip marks a milestone in bilateral ties and signals a turning point in the relationship.
The leaders of the two countries will hold meetings and talks, which are expected to open up new prospects for bilateral relations, said Wang.
The world today is undergoing profound and complex changes, and the impact of China-Canada relations transcends the bilateral scope, Wang noted.
Wang said that China and Canada have different social systems, stemming from different historical and cultural heritage, and based on the choices of their respective people.
He urged both sides to view each other in a rational and amicable manner with an inclusive mindset, handle issues on the basis of mutual respect, focus on the agenda of cooperation, and send positive messages so as to foster optimism, inject greater confidence into the development of bilateral relations, and jointly build a new type of strategic partnership between China and Canada.
Anand said the new Canadian government attaches great importance to relations with China. She also added that Prime Minister Carney looks forward to engaging in in-depth exchanges with Chinese leaders during the visit to set the course for the development of bilateral relations, resume dialogue in various fields, pursue more mutually beneficial outcomes, enhance coordination and cooperation in multilateral affairs, and further advance the strategic partnership between the two countries.
China ready to work for steady, sound ties with Canada: FM
