China Aims to Achieve Carbon Neutrality By 2060

President Xi Jinping told the United Nations General Assembly on Tuesday that China plans to deliver more COVID-19 vaccines to the world and achieve carbon neutrality by 2060, encouraging world leaders to develop solidarity, promote mutual respect, and avoid establishing small circles or zero-sum games. 

President Xi said in his pre-recorded video address that the year 2021 will be particularly memorable for the Chinese people because it will mark the centenary of the Communist Party of China as well as the 50th anniversary of the restoration of the People’s Republic of China’s lawful seat in the United Nations, a historic event that China will solemnly commemorate. 

Mr. Xi emphasized the importance of improving global COVID-19 response coordination and reducing the risk of cross-border viral transmission while emphasizing that “we must beat COVID-19 and win this decisive fight crucial to humanity’s future.” 

He said that China would seek to supply 2 billion doses of COVID-19 vaccines to the world by the end of this year, calling vaccination a formidable weapon against COVID-19. 

In addition to the $100 million donations to COVAX, China will send 100 million vaccination doses to other developing nations this year. 

To deal with the severe shocks of COVID-19, Mr. Xi proposed a global development plan that would lead to a new stage of balanced, coordinated, and inclusive growth. 

He proposed fostering more equal and balanced global development partnerships, increasing multilateralism’s synergy, and speeding up the implementation of the UN 2030 Agenda for Sustainable Development. 

Mr. Xi stressed the importance of hastening the transition to a green, low-carbon economy in order to achieve green recovery and development. 

He promised, “China will strive to peak carbon dioxide emissions before 2030 and achieve carbon neutrality by 2060”. 

Mr. Xi stated that “democracy is not a special right reserved to an individual country, but a right for the peoples of all countries to enjoy,” and that recent global events have once again demonstrated that outside military intervention and so-called democratic reform are harmful. He went on to say that “one country’s success does not have to mean another country’s failure,” and that “the world is big enough to accommodate all countries’ common development and progress.” 

Mr. Xi stated once again that there is only one international system, with the United Nations at its center. 

He urged the United Nations to raise the banner of true multilateralism and serve as a central platform for countries to work together to ensure universal security, share development successes, and determine the world’s future trajectory. 

PC: https://www.globalcapital.com/asia/article/28wq98676i4ve6cz0wrnk/asia-fig-senior-debt/boc-readies-transition-bond-to-meet-chinas-carbon-goals