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An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

climate change

China announces plan to cap CO2 emissions

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
Down Arrow Button Icon
June 3, 2014, 2:15 PM ET
Heavy Smog Hits East China
LIANYUNGANG, CHINA - DECEMBER 08: (CHINA OUT) Buildings are shrouded in smog on December 8, 2013 in Lianyungang, China. Heavy smog has been lingering in northern and eastern parts of China since last week, disturbing the traffic, worsening air pollution and forcing the closure of schools. (Photo by ChinaFotoPress/Getty Images)ChinaFotoPress—Getty Images

China has announced plans to set an absolute cap on CO2 emissions for 2016, a report says.

The unprecedented stance comes one day after the United States set goals for the power sector to reduce its own emissions, suggesting a breakthrough in climate change talks for two of the world’s largest emitters of greenhouse gases.

China, which emits the most greenhouse gas in the world, will set the cap as part of a larger five-year plan, according to a Reuters report. He Jiang, chairman of China’s Advisory Committee on Climate Change, made the announcement at a conference in Beijing.

By setting an absolute cap, China aims to better regulate and control the amount of carbon emissions in the country’s coal-reliant economy.

The cap level to be set, however, is not yet clear. A number will potentially be decided upon next year.

Both announcements by China and the United States come ahead of worldwide climate talks slated to take place in Germany beginning Wednesday.

About the Author
By Benjamin SnyderManaging Editor
LinkedIn iconTwitter icon

Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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