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Implementation of Dual Carbon Goals and Fiscal Sustainability in the People's Republic of China

Implementation of Dual Carbon Goals and Fiscal Sustainability in the People's Republic of China

Paperback

Business GeneralInvesting & FinanceGeneral Political Science

ISBN10: 9292778633
ISBN13: 9789292778637
Publisher: Asian Development Bank
Published: Jun 29 2026
Pages: 106
Weight: 0.77
Height: 0.29 Width: 8.50 Depth: 11.00
Language: English

As the People's Republic of China (PRC) targets an emissions peak before 2030 and pre-2060 carbon neutrality, this report shows that overhauling its energy, industry, and transport systems can help balance its fiscal sustainability and climate goals.

It outlines PRC's 1+N policy framework designed to improve energy efficiency, lower emissions, and increase non-fossil energy use. Highlighting a green investment funding gap, it explores how PRC can switch away from its expenditure-focussed strategy. It shows how measures including developing carbon markets, introducing carbon taxes, and reducing fossil fuel subsidies, can help cut fiscal pressures and underpin the growth of a low-carbon economy.

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Business General