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China's carbon emissions likely to hit new record in 2023 amid economic recovery, but the rapid development of green energy will allow its emissions to peak soon, he said global energy think tank on Friday. China, the world's largest producer of greenhouse gases, saw its carbon dioxide emissions rise by 4 % in the first quarter of this year compared to the same period in 2022, reaching more than 3 billion tonnes of energy and clean air (CREA) for Carbon, according to a new report from the Center for Research Brief. That's the highest number on record for the first quarter. The increase was driven by an economic recovery following the end of China's zero-Covid policy, economic stimulus measures and weak hydropower production as a result of the ongoing drought, the Helsinki-based think tank said. "Looking ahead to the rest of the year, the government's focus on economic growth means China's emissions are likely to reach an all-time high in 2023 and surpass the previous peak in 2021," CREA analysts Lauri Myllyvirta and Qi Qin said. But emissions could soon peak as China accelerates its push for clean energy and installs a record amount of solar and wind power capacity, analysts warned. "The rapid expansion of low-carbon energy, if sustained, could allow emissions to peak and enter structural decline once the post-Covid recovery takes place," they said. China's economy rebounded in the first quarter of 2023, with GDP growth accelerating to 4.5%, according to official statistics released last month. The government previously set a growth target of “around 5% for 2023, although many investment banks have raised their forecasts above 5.5 %. (Laura He, CNN)
China's record carbon emissions are expected to peak thanks to a push for clean energy, the report said
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