Lin, C; Qi, J; Liang, S; Feng, C; Wiedmann, TO; Liao, Y; Yang, X; ... Yang, Z; + view all Lin, C; Qi, J; Liang, S; Feng, C; Wiedmann, TO; Liao, Y; Yang, X; Li, Y; Mi, Z; Yang, Z; - view fewer (2020) Saving less in China facilitates global CO₂ mitigation. Nature Communications , 11 (1) , Article 1358. 10.1038/s41467-020-15175-2.

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Abstract

Transforming China’s economic growth pattern from investment-driven to consumption-driven can significantly change global CO₂ emissions. This study is the first to analyse the impacts of changes in China’s saving rates on global CO₂ missions both theoretically and empirically. Here, we show that the increase in the saving rates of Chinese regions has led to increments of global industrial CO₂ emissions by 189 million tonnes (Mt) during 2007–2012. A 15-percentage-point decrease in the saving rate of China can lower global CO₂ emissions by 186 Mt, or 0.7% of global industrial CO₂ emissions. Greener consumption in China can lead to a further 14% reduction in global industrial CO₂ emissions. In particular, decreasing the saving rate of Shandong has the most massive potential for global CO₂ reductions, while that of Inner Mongolia has adverse effects. Removing economic frictions to allow the production system to fit China’s increased consumption can facilitate global CO₂ mitigation.

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