China — the world’s top producer of carbon emissions — is shirking climate goals to prioritize economic growth.
The development comes as President Biden and other leaders of the G7 — a group of seven first-world economic powers — emphasize climate change as a key global challenge at their June 11 meeting.
The Wall Street Journal reports:
China’s top economic planners have put the brakes on attempts by environmental officials to reduce carbon emissions as driving growth takes priority over meeting climate targets for now, according to people familiar with the matter.
Officials at China’s main economic planning agency, the National Development and Reform Commission, have limited the initial scope of a national carbon-trading system, which is set to go into full operation later this month after pilot projects in eight Chinese cities.
The economic planning office has also gained the upper hand in negotiations over drafting a detailed road map to fulfill leader Xi Jinping’s pledges to achieve a peak in carbon-dioxide emission