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Will China’s new steel industry carbon target cloud peak emissions plans?
- Chinese authorities say steel industry has until 2030 to turn the corner, five years later than previously thought
- Original goal still within reach but depends on government will, analyst says
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China’s release of more conservative peak emissions target for its steel industry have raised concerns that its overall aim to hit the mark by 2030 could be at risk, according to industry insiders.
Chinese authorities said last week that its steel industry, the world’s biggest, should reach peak carbon emissions before 2030 – five years later than the China Iron and Steel Association’s previous target.
The new targets were issued in joint guidelines by the Ministry of Industry and Information Technology, the National Development and Reform Commission and the Ministry of Ecology and Environment.
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In the guidelines the ministries also looked at ways to improve production efficiency and reduce resource consumption.
However, a draft plan issued by the association put the steel sector on track to reach peak emissions by 2025 and to reduce them by 30 per cent by 2030, state-run Economic Information Daily reported in December.
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