China has taken a step back from emission reduction commitments amid the energy crunch that caused factory closures and power rationing. In a statement, Premier Li Keqiang said that the stable supply of energy must be the foundation of any transition to a less emission-intensive future. “Energy security should be the premise on which a modern energy system is built, and the capacity for energy self-supply should be enhanced,” Li said as quoted by Bloomberg. Based on this, Beijing now plans to make sure that its goal to reach peak emissions by 2030 and a net zero emission status by 2060 will be pursued in a “sound and well-paced” manner. Last month, the International Energy Agency estimated that China was on track to achieve its peak emission target before its own deadline in 2030 thanks to its latest efforts in this respect. The IEA also said, as quoted by […]