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EAERE Magazine - N.12 Spring 2021

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<strong>EAERE</strong> <strong>Magazine</strong> / n.12 <strong>Spring</strong> <strong>2021</strong> - Towards a Deep Climate Collaboration<br />

The cost-effectiveness of climate policies is<br />

complicated as well. China provided favorable<br />

conditions and intensive subsidies to promote<br />

the expansion of wind farms and photovoltaic<br />

facilities, as well as massive production of PV<br />

solar cells, causing a large burden to the central<br />

and local finance. Up to 2018, the subsidy gap<br />

between what was already paid and what has<br />

promised to the developers was as high as 60<br />

billion RMB, and is estimated to reach 200<br />

billion RMB in 2020 (Tu, et al, 2020).<br />

China is also suffering from job losses during<br />

the rapid energy transition. In coal mining industries,<br />

as an example, employment shrank by<br />

one third during 2015-2019.<br />

Summary<br />

The framework of China’s climate policies developed<br />

well in 2010s, ranking 11 th in 61 countries<br />

in the Climate Change Performance Index<br />

produced annually by German Watch (2020).<br />

The system is tailored to fit into national circumstance,<br />

characterized by a goal-based mechanism,<br />

many administrative measures (e.g., TRM),<br />

and pilot initiatives to accumulate experience<br />

before applying nationwide. All national goals<br />

and international pledges for climate governance<br />

have been met. Nevertheless, lessons have<br />

also been learnt, e.g., the instability of climate<br />

authority caused by institutional arrangements,<br />

less attention to climate issues when co-control<br />

was enhanced to combat air pollution, and<br />

the dilemma of huge coal-related industries in<br />

low-carbon transition, and the associated economic<br />

pressure.<br />

A carbon neutral goal has been announced by<br />

China’s government. Climate policies will need<br />

to be further improved and operationalized in<br />

the near future to deliver this new goal.<br />

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