(COP28) Circular economy to contribute over 35 pct of China's carbon reduction by 2030: report-Xinhua

(COP28) Circular economy to contribute over 35 pct of China's carbon reduction by 2030: report

Source: Xinhua

Editor: huaxia

2023-12-04 21:08:16

This photo taken on Sept. 4, 2023 shows a view of the "zero-carbon" demonstration area at Jilin Oilfield, a subsidiary of PetroChina, located in Songyuan, northeast China's Jilin Province. (Jilin Oilfield Company/Handout via Xinhua)

DUBAI, Dec. 4 (Xinhua) -- Circular economy is estimated to contribute over 35 percent of China's carbon emission reduction by 2030, according to a report issued Monday by the China Association of Circular Economy.

The report was released at a side event held at the China Pavilion of the ongoing COP28 climate change conference in the Expo City of Dubai, the United Arab Emirates.

It highlighted that the development of the circular economy has played an important role in facilitating China's carbon reduction and served its carbon peaking and neutrality goals.

This aerial photo taken on March 14, 2023 shows a view of Dongyu Island in Boao, south China's Hainan Province. Notable achievements have been made in the construction of a zero-carbon demonstration zone in Boao. Sixteen projects of the first phase have been completed, with the remaining projects planned to be finished before the Boao Forum for Asia (BFA) Annual Conference 2024.
The demonstration zone will see integrated application of deep emission reduction technologies in various fields such as energy, construction, transportation and waste disposal. Meanwhile, high-quality offsetting measures such as adding forest-based carbon sinks will also be applied to achieve continuous reduction of carbon emission with the ultimate goal of zero carbon emission. (Xinhua/Yang Guanyu)

It also noted that the expansion of the green, low-carbon, and circular economy has contributed to cutting carbon dioxide emissions by 3.3 billion tons nationwide in 2022, adding that its development will also bring down costs of obtaining goods and services related to industries including construction, transport, nutrition, textile and electronics.

The research report has studied on carbon reduction practices of circular economy companies involved in the comprehensive utilization of bulk solid waste, product recycling, waste resourcing, utilization of waste heat and energy, bicycle-sharing and so on.

The side event, themed "Circular Economy Supporting Carbon Reduction," has gathered representatives from relevant industrial associations, international organizations, research institutions, and startups. 


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