At the UN meeting on climate change in New York yesterday, Chinese president Hu Jintao outlined four key principles for China’s movement on climate change. Urging developed countries to take up their responsibilities and provide developing countries with new, additional, adequate and predictable financial support to facilitate their dealing with climate change, President Jintao said: “This, in effect, represents a joint investment in the future of mankind.” via Xinhuanet.com
Four principles include, all quoted via Xinhuanet.com:
1. China will intensify efforts to conserve energy and improve energy efficiency, and endeavor to cut carbon dioxide emissions per unit of gross domestic product (GDP) by a notable margin by 2020 from the 2005 level, Hu said.
2. Second, China will vigorously develop renewable energy and nuclear energy, endeavoring to increase the share of non-fossil fuels in primary energy consumption to around 15 percent by 2020.
3. China will energetically increase forest carbon sink and endeavor to increase forest coverage by 40 million hectares and forest stock volume by 1.3 billion cubic meters by 2020 from the 2005 levels.
4. China will step up effort to develop green economy, low-carbon economy and circular economy, and enhance research, development and dissemination of climate-friendly technologies.
President Hu concluded by saying that ensuring financing and technology transfer are key to China’s meeting these goals. via Xinhuanet.com