State-owned companies face challenges in achieving China’s carbon neutrality goal
Shan Jie, Lu Yameng and Li Qiao Published: Jan 13, 2021 06:23 PM
Wind power plant in China Photo: IC
China has announced its goal to meet its carbon emissions peak before 2030 and realize carbon neutrality by 2060. While such ambition is welcomed by the world, it has brought extra pressure, especially for China s state-owned companies, which will carry a burden for heavily emitting industries that matter to the country s functioning.
To fulfill the goal of carbon reduction and beating air pollution, state-owned companies must make various efforts, from advancing technologies that produce less greenhouse gases or pollution, accelerating energy transition and being accountable to more social responsibilities such as planting more trees to create carbon sink.