Carbon Policy | Building a Policy System of Low-carbon Development towards Carbon Neutrality

The target to achieve carbon neutrality by 2060 has set a strategic guidance for China to accelerate its transformation in development mode and its economic restructuring. This further requires a systematic top-down policy design as well as a sophisticatedly formulated long-term planning. A research group at CAS proposes a framework policy system steering the country onto a low-carbon development track.

Based on a thorough review over how the policies for lowcarbon development have evolved in the country, the group analyzes the major existing problems in the current policy system, and gives its assessment on thestatus quo. Starting from this, the group further gives a set of comprehensive suggestions on how to improve the current policy system, and to strengthen multiple institutional policies and institutional mechanism reforms, so as to form a systematic and effective incentive and constraint mechanism.

Please turn to page 198 for the full text.