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On November 27, the Center for Energy and Clean Air Research (CREA), an independent research organization, released its annual assessment report, "China's Climate Transition: Outlook 2023". According to the report, China's clean energy power generation capacity, electric vehicle production and sales growth rate, steel and cement production and other indicators are on track to limit global warming to 1.5 degrees, while total carbon dioxide emissions, total energy consumption, coal power and steel capacity investment and other indicators in 2022-2023 have not met expectations.

China's carbon dioxide emissions are expected to increase by about 4% in 2023, the report said. The strong rebound in carbon emissions was driven by two unconventional factors: historically low rainfall that led to a sharp drop in hydropower generation, which boosted coal-fired power generation, and the post-pandemic reopening led to economic recovery, particularly in oil consumption.