Low-Carbon Megacity Encourages Green Growth
"Guangzhou, a megacity with a population exceeding 13 million, is still in a stage of rapid economic development and urban construction. In 2012, Guangzhou launched the Pilot Low Carbon City Implementation Plan in an effort to reduce greenhouse emissions through systematic measures in the growing city. The plan includes the elimination of outdated industrial capacity and equipment and the promotion of energy-efficient technologies and green, low-carbon buildings. Transport infrastructure is also being targeted, with a new public transport system mainly based on rail transit.
Both market mechanisms, such as limiting entry permits for high-carbon projects to control greenhouse gas emissions, and institutional mechanisms, such as stricter emissions standards, have been used to promote low-carbon development under the plan. Green industries have developed quickly in the city, with an added value of $4.2 billion in 2014, an 11.1% increase compared to the previous year. As a commitment to the plan, Guangzhou announced in 2015 it will reach its carbon emissions peak by 2020."