The United States will cut its carbon pollution 26-28% by 2025 and China will cap its greenhouse gas emissions by 2030 under an agreement announced by U.S. President Barack Obama and Chinese President Xi Jingping at the end of the APEC trade summit last night.
“As the world’s two largest economies, energy consumers, and emitters of greenhouse gases, we have a special responsibility to lead the global effort against climate change,” Obama said.
“We hope to encourage all major economies to be ambitious—all countries, developing and developed—to work across some of the old divides, so we can conclude a strong global climate agreement next year.”
The Obama administration “hopes to sell the plan back home by touting the anticipated savings on energy costs,” CNN reports, citing a government source. “The plan offers initiatives and incentives to develop more solar and wind power across both countries.”
According to CNN, “the White House said the announcement marks the first time China has agreed to cut its carbon emissions, and said the Chinese are calling for ‘an energy revolution’ that would include a broad economic reform program that would address air pollution.”