The Big China Climate Threat

Despite having become the world's biggest emitter of greenhouse gases nearly two years ago, China is at least another 17 years away from peak emissions, according to a new report by the HSBC Climate Change Team, issued late last year. "The 18th Party Congress highlighted trading of various environmental commodities – energy savings, carbon emission rights, pollution discharge rights and water rights – all of which will have a national cap, except carbon emissions," the report indicated. "Our analysis shows that China's emissions might not peak until 2030," but by that time annual emissions could amount to half of the of the world's carbon budget – what is allowed in order to stay within a target to keep the atmosphere from warming by 2 degrees Celsius.

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