China to slash greenhouse gas emissions For the first time, the world’s biggest GHG producer has pledged to cut emissions by 7-10% from peak levels – and could even exceed that – but a 30% reduction is the minimum needed to hit the 1.5˚C temperature target SHARE OF GLOBAL EMISSIONS 2024 Excluding land use, forestry 53.2Gt CO2 eq China 29.2% U.S. 11.1% India 8.2% EU 5.9% Russia 4.8% Indonesia 2.5% Rest of the world 38.2% FOSSIL CO2 METHANE F-gases NO2 CHINESE EMISSIONS Could China over-achieve? 11,000 12,000 Mt CO2 eq Sep 2020: Pledges to hit peak emissions by 2030, sets renewable energy goals Mar 2024: Hits peak emissions 2024: Reaches renewable energy goal six years early COVID-19 slowdown 2016 17 18 19 20 21 22 23 24 25 OTHER COUNTRIES AFTER PEAK EMISSIONS Annual emissions reduction Greece -3.7% Ukraine -3.0% Denmark -2.8% Japan -2.5% Germany -1.4% France -1.1% U.S. -1.0% China’s pledge would require just 1% reduction per year Sources: Carbon Brief, Bloomberg, UNFCCC Picture: Getty Images © GRAPHIC NEWS