Professor Qi Ye, director of the Brookings-Tsinghua Center for Public Policy, commented at London-based think tank IPPR on his expectations for China’s upcoming 13th Five Year Plan, which will go into effect early next year. Profesor Qi expects the Chinese government to place a cap on CO2 emissions—consistent with the planned carbon market starting next year—and assign “absolute coal consumption caps” to more than the 30% of provinces presently covered. He also emphasized that China is making efforts to reach a peak in CO2 emissions earlier than its 2030 target. These comments come in the wake of reports that China’s coal consumption fell in 2014.
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