A coal processing plant in Hejin in central China's Shanxi Province. Photo: AP

Topic

China’s carbon neutral goali

China’s President Xi Jinping pulled a surprise in September 2020 when he pledged at the United Nations General Assembly for the world’s largest emitter of greenhouse gases to reach carbon neutrality by 2060, becoming the second major economic entity to put a date on the goal. This topic covers all the news, analysis, commentary and explainers related to the goal.

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  • Facilities capable of producing up to 100,000 tonnes of green methanol from leftover food will be ready by end-2025, says Shenergy vice-president
  • Traditional disposal methods like burying or incineration are less effective when food waste is included and cause pollution
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A ChatGPT-led boom in artificial intelligence is expected to fuel an exponential growth in demand for liquid cooling technology from data centre operators, according to Macquarie Capital.

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A carbon trading system that promotes tighter supply and higher prices can induce China’s cement makers to undertake costly investment, Ian Riley of World Cement Association says.

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The success of the station could have big implications for the industry, as the new technology is seen as a promising alternative to resource-dependent lithium batteries.

Hydrogen-powered trucks will cost less than their fossil fuel burning rivals by 2027 in China as Beijing’s enabling environment starts paying off, according to chairman and president of Refire Group, China’s top supplier of hydrogen fuel cell technologies.

G7 ministers said on Tuesday that efforts to raise money to help poorer countries adapt to climate change should include countries “capable of contributing”, in a message aimed at China.

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Oil consumption in China’s transport sector will peak next year ‘at the latest’ as rapid adoption of electric vehicles (EVs) pulls the plug on petrol consumption, according to the nation’s largest oil and gas producer.

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‘Private firms are obviously looking at the torch that is potentially coming for themselves,’ when it comes to declaring emissions goals, says Net Zero Tracker project leader

China accounted for two-thirds of the coal-burning power capacity that came online last year, according to Global Energy Monitor, which ‘starkly contrasts with the global trend, putting China’s 2025 climate targets at risk’.

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An anti-subsidies investigation into Chinese wind turbine manufacturers by the EU could saddle the bloc’s renewable project developers with high costs and slow down their decarbonisation efforts, analysts say. The impact on Chinese firms could be limited.

New rules are emerging around use of government vehicles, resource use, unauthorised office printing and bottled water in a push to showcase austerity.

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The Chinese stock market is poised to see the emergence of shareholder resolutions on ESG issues next year, as incoming corporate governance reforms start allowing many more minority owners to present proposals for voting, a stewardship expert says.

China wants to ditch old equipment and products for new ones to boost its economy, and this campaign can help its green-transformation drive, if done right, climate experts and green enterprises say.

The world is just beginning to see the worst impacts of climate change, and world leaders must put aside their distrust and geopolitical tensions to deliver on their decarbonisation commitments, one of the world’s top climate scientists has said.

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The nation’s largest oil and gas producer says it is on track to peak carbon emissions next year and double the contribution of low-carbon energy to its output capacity over two years, top leaders say.

Reaching 160km/h (99mph) in a trial run, China’s new hydrogen-powered train is touted as a cleaner transport option as the nation strives to peak emissions by 2030.

With the world facing a US$4 trillion green investment gap a year, transition finance will grow in importance because of regulatory support in Asia, experts say.

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China’s 2025 decarbonisation goals are in danger of veering off track after policymakers redefined a key energy target that could drive emissions higher, climate experts warn.

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‘Modest adjustments’ to plans for use of electric arc furnaces versus coal-fired furnaces would accelerate emissions cuts, US think tank Global Energy Monitor says.

Confidence is eroding, as the percentage of executives predicting net zero by 2060 instead of 2050 rises to 62 per cent from 54 per cent a year ago.

The government should further open the local environment-protection market to attract investment from Greater Bay Area companies, says a vice-president at the Hong Kong-listed company.

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The number of sustainability funds has tripled since the world’s largest emitter of greenhouse gases pledged to peak emissions by 2030 and reach carbon neutrality by 2060, with local asset managers seizing opportunities arising from the green transition, Morningstar says.

CLP will source more nuclear energy from China’s Guangdong province to feed its power grid and sees business opportunities in decarbonisation as it phases out coal-based assets.