China in transition: carbon policy and the impact on energy markets
Six years on from Copenhagen, global leaders are meeting in Paris this week to determine the next phase of global climate negotiations. China has been prominent among the major global economies in spelling out its own commitments to future carbon emissions. But what will be China's ultimate position amid weak economic growth, a slowdown in major economic reforms, and historic lows in commodity prices? Our view remains that despite near-term challenges, China is on a long-term path for lower carbon emissions growth, a direct reflection of new priorities under President Xi Jinping.