The FINANCIAL — The Government of China is committed to reducing the country’s carbon intensity by 40 to 45 percent between 2005 and 2020.
The FINANCIAL — The Government of China is committed to reducing the country’s carbon intensity by 40 to 45 percent between 2005 and 2020. The World Bank has been working with Changning District in Shanghai to develop and implement a low-carbon strategy based on CO2 abatement cost curves and scenarios. Abatement cost curves are a useful analytical tool to help cities set low-carbon targets and identify cost-effective, low-carbon investments for achieving these targets, according to the World Bank Group.
Cities are at the core of the action to achieve the government’s carbon-intensity-reduction target. With 300 million people projected to migrate to cities in China over the next 20 years, energy demand in buildings and for transportation will continue to increase rapidly.
“In China, the speed and scale of urbanization provides an unprecedented opportunity to invest in clean energy solutions to contain carbon emissions related to energy supply and consumption in the sprawling cities,” said Klaus Rohland, World Bank’s Country Director for China. “The window of opportunity is narrow because urban form and infrastructure have long lifetimes. Introducing efficient low carbon technologies into new urban infrastructure today would avoid locking cities into a high-carbon growth path for decades to come,” Rohland added.
Determined to become a low-carbon city, Shanghai Municipality and its Changning District Government requested the World Bank to assist in designing innovative and efficient ways to achieve their carbon-intensity-reduction targets. The report, titled Applying Abatement Cost Curve Methodology for Low-Carbon Strategy in Changning District, Shanghai, presents an innovative bottom-up approach to determine a city’s low-carbon targets and define an investment program.
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