The world’s two largest economies US and China strike historic, ambitious deal to cap carbon emissions and increase use of renewable energy.
Currently China emits about 24.65% of the worlds total CO2 emission and US about 16.16%.
The US has committed to a cut carbon emissions 26% and 28% on 2005 levels by 2025. This represents an an acceleration of its existing goal to reduce emissions 17%. China said it “intends” to start cutting carbon emissions in 2030 and make “best efforts” to peak emissions before 2030. It also agreed to increase the share of non-fossil fuels energy consumption to around 20% by 2030.
