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China well placed to beat its carbon emission targets, experts say

Chinese energy experts are optimistic the country will reach peak carbon emissions by 2025 – five years ahead of the target pledged by President Xi Jinping to the UN General Assembly in September. Researchers say China’s coal consumption has already reached a plateau and about half of its provinces and municipalities have reached peak emissions, with power and steel industries expected to do so during the 14th five-year plan for 2021-25. Xi said last year China would reach carbon neutrality by 2060, with its emissions peaking before 2030. He reiterated the pledge at a Politburo meeting on Friday, according to state news agency Xinhua, and stressed that the country always kept its word.

China s steel industry faces three major challenges in production for 25 consecutive years

China’s steel industry faces three major challenges in production for 25 consecutive years In 2020, under the influence of special factors such as the epidemic, China’s crude steel production exceeded the 1 billion ton mark for the first time, and its share of world steel production rose to 57%. While this unconventional high-speed growth has allowed the profits of steel companies to rise, it has also triggered some cold thinking in the industry. On the 20th, the ‘2021 (12th) China Iron and Steel Development Forum was held in Beijing. Many industry experts said here that it is necessary to be soberly aware that the rapid growth of China’s steel industry last year was ‘abnormal, and the development of the steel industry still faces three major challenges such as volume reduction, low carbon, and safety.

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