China's SOEs and carbon neutrality - with Ned Downie

Today we will be talking about a new report that discusses one of the most critical topics for global emissions reduction: How China’s most carbon-intensive industries are planning to decarbonize. Since September 2020 when President Xi Jinping announced that China would aim to peak emissions before 2030 and reach carbon neutrality by 2060, some of China’s biggest companies have committed to new climate targets to meet that national goal. In this report, Columbia Center for Global Energy Policy Non-Resident Fellow and Princeton PhD student Ned Downie looks at the three of the highest emitting industries in China: electricity, steel, and cement and helps us understand exactly what those announcements add up to. 

Further reading:

Edmund Downie, "Getting to 30-60: How China’s Biggest Coal Power, Cement, and Steel Corporations Are Responding to National Decarbonization Pledges," Columbia Center on Global Energy Policy, 25 August 2021, at https://www.energypolicy.columbia.edu/research/report/getting-30-60-how-china-s-biggest-coal-power-cement-and-steel-corporations-are-responding-national.

“Major News | A Carbon Emissions Declaration from the World’s Biggest Steel Firm, China Baowu: Aiming for ‘Carbon Peaking’ in 2023 and for Achieving ‘Carbon Neutrality’ in 2050,” January 20, 2021, at http://mp.weixin.qq.com/s?__biz=MjM5MDEzNzA5Ng==&mid=2654852246&idx=1&sn=d479656526315c56691b0101482a16af&chksm=bd801af18af793e733b0f5cdd0d7d101eef0150feb831bddf9d705673f715b6128e57e0619d0#rd.

“HBIS Announces Low-Carbon Green Development Action Plan,” HBIS WeChat channel, March 12, 2021, at http://mp.weixin.qq.com/s?__biz=MzA5MjA2Mjk3MA==&mid=2653109712&idx=1&sn=9539988bd1af53094e892177fc7752db&chksm=8ba54845bcd2c1533f04fc3a53789adb1e68c0dc5c3674a4007aea087b970cbaa2de89d27e83#rd.