China is now accelerating the combination of internal trade cycle and external trade cycle, what is the impact of this double-cycle trade on environmental protection?
https://www.weforum.org/agenda/2021/11/new-carbon-market-slash-chinas-emissions/
https://www.sciencedirect.com/science/article/abs/pii/S0959652620320849
China's double cycle strategy, emphasizing both domestic and international economic development, could impact carbon emissions by potentially promoting cleaner energy sources domestically while also potentially increasing emissions through international trade and investment. The net impact would depend on various factors, including the extent of green investments domestically and the environmental standards of China's trade partners.
China's dual circulation strategy, which focuses on strengthening domestic consumption while remaining open to global trade, could impact carbon emissions by potentially reducing reliance on high-emission exports and improving energy efficiency domestically. However, the overall effect on carbon emissions will depend on how policies are implemented and whether increased domestic consumption leads to higher or lower emissions.
China's double cycle strategy, which emphasizes both domestic and international economic activities, is expected to impact carbon emissions significantly. As China aims for carbon neutrality by 2060 and to peak emissions by 2030, the shift towards a more sustainable economy involves increasing investments in renewable energy sources like solar and wind, which have already seen record growth. This transition could lead to a reduction in reliance on coal and other fossil fuels, ultimately driving down carbon emissions across various sectors. If successful, the dual cycle approach could reshape China's energy landscape, potentially resulting in a structural decline in emissions starting as early as 2024
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