China's CO2 Emissions Decline Signals Potential Peak in 2023
A significant drop in March emissions suggests China's carbon output may have reached its highest point, driven by increased clean energy adoption and reduced construction activity.
- China's CO2 emissions fell by 3% in March 2024, ending a 14-month surge post-Covid reopening.
- Wind and solar power met nearly all the increased electricity demand, reducing reliance on fossil fuels.
- The construction sector's downturn led to significant declines in steel and cement production.
- Electric vehicle adoption has curtailed oil demand growth, with EVs now comprising 10.5% of vehicles.
- Future emissions trends hinge on continuing clean energy expansion and resolving grid integration challenges.
Financial Post 
Carbon Brief 