China Presses Emissions in 9 Major Industries, from Steel to Coal

China is preparing a three-year plan to cut energy consumption and carbon emissions in nine major industries, from steel, aluminum, cement, glass, oil refining, ethylene, synthetic ammonia, methanol, to coal-fired power plants.

As reported by Xinhua, quoted Monday, June 15, the plan was announced by the National Development and Reform Commission (NDRC) on Monday. The program was prepared in conjunction with a number of Chinese government ministries and agencies.

Starting in 2026, China will carry out energy-saving technology upgrades and emission reductions in these sectors for three years. The goal is to increase corporate energy efficiency while reducing carbon emissions.

The document also sets targets for each industrial sector by the end of 2028. The government will provide support in the form of financing, pricing policies, incentives, and the implementation of stricter standards.

According to the NDRC, this step aims to encourage more effective investment, accelerate industrial modernization, and create new sources of growth through the green economy.

China has a dual carbon target. The country aims to peak carbon dioxide emissions by 2030 and be carbon neutral by 2060. Carbon neutrality is a condition when the amount of emissions released is balanced with emissions that have been successfully reduced or reabsorbed.

In the same report, Xinhua said China has built the largest and fastest growing renewable energy system in the world. This infrastructure is one of the main supports for China's transition to a low-carbon economy.

An NDRC official said his agency would work with relevant agencies to ensure the plan was effective and support the peak carbon emission target and accelerate green transformation in economic and social development.