China's low-carbon direct investment is expected to reach 10 trillion yuan in the next 15 years

It is understood that by 2020, the carbon dioxide emissions per unit of gross domestic product (GDP) in China will fall by 40%-45% from 2005. In order to achieve this goal, relevant departments are stepping up preparation of the National Plan for Climate Change (2011-2020).

It is reported that the plan will be used to guide the nation's response to climate change after soliciting opinions from relevant departments and further revision and improvement.

Persons in charge of the department said that as a developing country, China is a victim of global climate change. In the past 10 years, China’s annual economic losses caused by extreme weather events have reached more than 200 billion yuan.

According to experts from the National Climate Change Experts Committee, due to the increasingly urgent global response to climate change, the demand for low-carbon technologies such as new energy has grown strongly. This has also brought new challenges and opportunities for China's future industrial development.

According to the estimates of the UN Environment Programme, if it is to achieve the goal of global temperature rise not exceeding 2°C, investment in the energy efficiency and low-carbon energy fields will reach 10 times the investment under normal scenarios and reach 1.2 trillion US dollars annually.

According to the above-mentioned experts of the National Climate Change Experts Committee, if the goal of reducing the CO2 intensity per unit of GDP by 40%-45% is achieved, China’s direct investment in energy-saving and new energy fields will need more than 10 trillion yuan in 15 years, which does not include upstream and downstream. Investment demand for related industry development, such a large-scale low-carbon investment also means a new economic growth point.