It will cost China over $6.6 trillion (41 trillion yuan) to meet the greenhouse gas reduction goals it will lay out later this month in its strategy for United Nations climate negotiations, the country's lead negotiator for the talks said Tuesday.
Xie Zhenhua, special representative for climate change affairs at China's National Development and Reform Commission, said the objectives China will outline by the end of June will be "quite ambitious".
To meet its objectives, China, the world's biggest greenhouse gas emitter, must reconfigure its coal-dependent energy mix and develop new energy sources, Xie said.
"We will need to carry out international cooperation and research and development to reduce the costs of relevant technologies and to innovate so that we can reach our objectives," he told reporters at a State Department briefing.
The United States and China announced on Monday they will partner on two new carbon-capture, utilization and storage projects to help commercialize the technology.
While key details of China's plan are not yet known, it is expected to include targets announced in November, when it reached a key climate change deal with Washington to cap its emissions by 2030 and fill 20 percent of its energy needs from zero-carbon sources.
PHOTO: Tourists take pictures near a pavilion flooded by the swollen Yangtze River in Wuhan, Hubei province, June 19, 2015. Picture taken June 19, 2015.
CREDIT: REUTERS/CHINA DAILY.
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