China pledges to slash carbon emissions by 5% by 2025

  • 12/30/2021
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China promises to reduce carbon emissions from aluminium by 5% by 2025, Bloomberg reported, citing the Ministry of Industry and Information Technology To achieve this, capacity in steel and cement industries will decline, while holding the utilisation rate at rational levels. The aluminium sector is responsible for roughly 4 percent of China’s carbon footprint, while the steel sector is accountable for around 15 percent. Other objectives in the Asian country’s five-year strategy include cutting energy concentration for cement making by 3.7 percent, and that of steel by 2 percent, shutting or relocating steel mills that fail to meet air pollution standards, and restraining coal consumption in some sectors. In line with this, China’s peak carbon, which was set to arrive in 2030 on the country’s mission towards net zero emissions by 2060, is to arrive two years earlier than expected – in 2028 – as the economy decelerates and the capital shifts focus to renewable energy.

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