Publication: Promoting Innovation to Decarbonize Industry in China
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Date
2022
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2022
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China’s rapid growth since the mid-1990s has been largely propelled by investment in industry, infrastructure, and urbanization. However, such a growth model has proved to be highly energy intensive. Further economic progress will make it more difficult to reduce emissions. The objective of this policy note is to : (a) review the experience of Organisation for Economic Co-operation and Development (OECD) countries in introducing policies to support industrial decarbonization; (b) take stock of China’s progress in promoting industrial decarbonization, including through innovation; and (c) share policy recommendations based on international good practices on how to support accelerated adoption, diffusion, and invention of industrial decarbonization technologies that could help meet China’s peak carbon emissions target by 2030 and net carbon neutrality by 2060.
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“Piatkowski, Marcin Miroslaw; Yusuf, Shahid; Wei, Wenting. 2022. Promoting Innovation to Decarbonize Industry in China. Equitable Growth, Finance and Institutions Insight - Trade, Investment and Competitiveness;. © World Bank. http://hdl.handle.net/10986/38488 License: CC BY 3.0 IGO.”
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