China has mandated 97 “key state-owned enterprises” to reduce power consumption and CO2 emissions over the next few years. The companies in question are also to increase their renewable energy generation capacity. This is according to an official order dated December 30, 2021. However, no absolute targets have been set for power consumption and carbon emissions. Rather, by 2025, power efficiency, which is power consumption relative to company production, is to be reduced by 15 percent, and CO2 emissions relative to production are to be reduced by 18 percent compared to 2020. By 2030, emissions in relation to production are to fall by 65 percent – in this case, however, compared to 2005.
Continue reading now
Get 30 days of free access to the Professional Briefing to read these and more quality news every day.
Are you already a guest at the China.Table? Log in now