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Toward people-nature harmony, Xi leads China s green action--China Economic Net

Toward people-nature harmony, Xi leads China s green action--China Economic Net
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Xi Focus: Toward people-nature harmony, Xi leads China s green action

Brazil Poised to Give Oz Ore Market a Close Shave – ShareCafe

Australia will lose share over the next five years in the global iron ore market to Brazil because of the latter’s high grade iron ore reserves and exports, according to a new report on the mineral from Fitch Ratings’ offshoot, Fitch Solutions. The loss won’t be much in percentage terms, but in terms of tonnage, Brazil’s production is projected to grow at four times the rate of growth forecast for Australia. The Fitch report, which appeared earlier this week, says global iron ore mine output growth will average 2.4% over 2021-2025 compared to the fall of 2.0% over the previous five years (which has helped boost prices as it met the surge in demand for steel in China from 2019 onwards and especially in the past year).

China speeds up top-level design for carbon-neutral push

1 2021-05-19 08:13:03Xinhua Editor : Li Yan ECNS App Download China is accelerating the formulation of the top-level design and industry-specific policies to further clarify its roadmap towards carbon neutrality, the country s economic planner said Tuesday. The country is drawing up an action plan to peak carbon emissions by 2030 while working on specific plans for various industries and sectors including power, steel, petrochemical and transportation, said Jin Xiandong, spokesperson for the National Development and Reform Commission. Plans to develop low-carbon technologies and build up China s carbon sink capacity are also under study, Jin added. China previously announced that it would strive to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.

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