{"id":102190,"date":"2023-04-19T16:21:18","date_gmt":"2023-04-19T16:21:18","guid":{"rendered":"https:\/\/chinadialogue.net\/?post_type=news_digest&#038;p=102190"},"modified":"2023-04-19T16:21:20","modified_gmt":"2023-04-19T16:21:20","slug":"carbon-impact-analysis-required-for-all-new-projects-2","status":"publish","type":"news_digest","link":"https:\/\/dialogue.earth\/en\/digest\/carbon-impact-analysis-required-for-all-new-projects-2\/","title":{"rendered":"Carbon impact analysis required for all new projects"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">From 1 May, Chinese governments and enterprises must produce a carbon impact analysis for all new investment projects located in China, the National Development and Reform Commission (NDRC) has stated.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the analysis, governments and enterprises will need to: \u201cpredict and calculate the total annual carbon emissions of the project and the carbon emission intensity of major products, propose a carbon emission control plan, clarify the path and method to be adopted to reduce carbon emissions, and analyse the impact of the project on the realisation of the carbon peaking and carbon neutrality target in the region.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The analysis will feature in the feasibility study report, which is a prerequisite for obtaining government approval, bank loans, and hence implementing a project in China.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The NDRC stated the requirement in a document published this month \u2013 \u201c<a href=\"https:\/\/www.ndrc.gov.cn\/xxgk\/zcfb\/ghxwj\/202304\/t20230407_1353356.html\">Outline and Instructions for Compiling the Feasibility Study Report of Investment Projects<\/a>\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Prior to this, the only normative document for investment project feasibility studies in China was  \u201c<a href=\"https:\/\/www.ciecc.com.cn\/art\/2016\/12\/19\/art_1616_32860.html\">Guidelines for the Feasibility Study of Investment Projects (Trial Version)<\/a>\u201d promulgated in 2002.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">NDRC <a href=\"https:\/\/www.ndrc.gov.cn\/xxgk\/jd\/jd\/202304\/t20230407_1353387.html\">explained<\/a> that, compared with the Guidelines, the Outline brings in new requirements, like the carbon impact analysis, which will better align feasibility studies with \u201chigh-quality development\u201d and make them more \u201cscientific\u201d and \u201cstandardised\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.cste.org.cn\/site\/content\/1359.html\">Analysts<\/a> from China International Engineering Consulting Corporation said the impact of a project on the relevant industry\u2019s total carbon emissions and intensity targets should also be evaluated, likewise the carbon reduction effect of the project\u2019s whole lifecycle.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Outline is not the first document to require carbon impact analysis of projects. The Ministry of Ecology and Environment (MEE) began to <a href=\"https:\/\/www.mee.gov.cn\/xxgk2018\/xxgk\/xxgk06\/202107\/t20210727_851553.html\">assess<\/a> the carbon emissions of construction projects in key industries back in 2021.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">An expert on carbon management <a href=\"https:\/\/www.hxny.com\/nd-87921-0-50.html\">found<\/a> recently that while the MEE focuses on carbon management and monitoring of projects in isolation, the Outline has a broader scope, requiring an analysis of a project\u2019s impact on regional carbon peaking and neutrality goals. This is a new topic that \u201cmay be complex and require new assessment guidelines,\u201d the expert wrote.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Read China Dialogue\u2019s <\/em><a href=\"https:\/\/dialogue.earth\/en\/climate\/year-in-review-chinas-climate-goals-hold-up-despite-intense-pressures\/\"><em>article<\/em><\/a><em> on the evolution of China\u2019s carbon policies.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese governments and enterprises must produce a carbon impact analysis for all new investment projects located in China<\/p>\n","protected":false},"featured_media":75286,"template":"","meta":{"_acf_changed":false,"_has_post_settings":[],"footnotes":""},"categories":[758,761],"tags":[556,580],"country":[],"digest-collection":[],"class_list":["post-102190","news_digest","type-news_digest","status-publish","has-post-thumbnail","hentry","category-business","category-climate","tag-infrastructure","tag-policy"],"acf":[],"yoast_head":"<!-- This site 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