This report finds that China can peak its carbon emissions as early as 2026 and get on track to achieving President Xi’s vision for carbon neutrality while generating nearly $1 trillion in net economic and social benefits in 2050.

The report suggests, to realize this vision, China must focus on four key priorities during the next five years: transitioning to cleaner sources of electricity; improving industrial energy efficiency; electrifying the transportation sector; and accelerating the removal of carbon dioxide from the atmosphere using carbon capture methods.  Scaling up plans to curb non-CO2 greenhouse gases are also necessary, as are efforts to phase out coal power.