Politics

China’s Former Grid Chief Sees Emissions Peaking Early in 2028

  • GEIDCO says 122 trillion yuan needed for power investment
  • China can be carbon neutral five years ahead of 2060 target

Photographer: Qilai Shen/Bloomberg

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China can peak its carbon emissions two years ahead of schedule in 2028 amid a rapid transition away from fossil fuels, according to a think tank headed by the former chairman of the country’s massive power grid.

Electricity sector emissions will top out by 2025 with the entire nation following suit three years later at about 10.9 billion tons, according to Liu Zhenya, who runs the Beijing-based Global Energy Interconnection Development and Cooperation Organization. He was previously chief of State Grid Corp. of China, the world’s largest utility that covers around 88% of the country.