China Announces Carbon Intensity Target

China proposes to reduce carbon intensity by 40-45% by 2020 relative to 2005 which was a year with a relatively high carbon intensity.President Hu Jintao announced at the UN Meeting in New York that China would adopt a carbon intensity target. Now we know what it is. This looks like a quite ambitious target. Frank Jotzo and I are supposed to talk about this at the AARES meeting in February. Now