Monthly Drop Hints That China's CO2 Emissions May Have Peaked in 2023

CarbonBrief: China's carbon dioxide (CO2) emissions fell by 3% in March 2024, ending a 14-month surge that began when the economy reopened after the nation's "zero-Covid" controls were lifted in December 2022. The new analysis for Carbon Brief, based on official figures and commercial data, reinforces the view that China's emissions could have peaked in 2023. The drivers of the CO2 drop in March 2024 were expanding solar and wind generation, which covered 90% of the growth in electricity demand, as well as declining construction activity. Oil demand growth also ground to a halt, indicating that the post-Covid rebound may have run its course. A 2023 peak in China's CO2 emissions is possible if the buildout of clean energy sources is kept at the record levels seen last year.

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