Excluding emissions from coal sold to other firms, Shenuha’s emissions amounted to 177 million tons in 2021 The largest state-owned coal mining enterprise in China, China Shenhua Energy Co., is intending to spend at least 40 percent of its annual capital expenditure on renewables by 2030, Bloomberg reported. This is in line with the Asian country’s aim to peak carbon emissions by the end of the decade. The coal mining giant itself aims to peak emissions by 2025, and achieve carbon neutrality by 2060. Excluding emissions from coal sold to other firms, Shenuha’s emissions amounted to 177 million tons in 2021. Shenhua poses as a listed unit of state-owned China Energy Investment Corp. The unit’s shares gained 9.4 percent as of Monday, representing its highest level since February 2018. In addition, 2021 results reflected a 44 percent growth in net income, as well as a dividend payout of almost all its profits.