What are the opportunities and challenges for China to achieve the goal of double carbon?

China will be carbon neutral by 2060, which requires most industries to significantly reduce their carbon emissions within 30 to 40 years. In this regard, high-carbon industries and enterprises such as coal and oil and gas should keep a clear understanding and actively respond.

Opportunities:

Forced industrial transformation and upgrading to improve the quality of economic growth. The goal of "double carbon" will promote the transformation and upgrading of China's industrial manufacturing industry, especially the primary manufacturing industry, to green and low carbon, and will greatly increase the investment in research and development of new technologies related to green development, and consolidate China's dominant position in this field.

Measures for dual carbon targets:

Achieving carbon neutrality (referred to as "double-carbon" goal) at the peak of carbon dioxide emissions by 2030 and 2060 is a major strategic deployment made by the CPC Central Committee after careful consideration, and it is also a solemn commitment of world significance to deal with climate change. In order to achieve the peak of carbon dioxide emission and carbon neutrality, it is necessary to carry out extensive and profound systematic reform of the current social and economic system. Not only should the peak of carbon dioxide emissions and carbon neutrality be included in the overall layout of ecological civilization construction at the central level, but all localities and departments should also make clear the timetable and road map with the momentum of grasping the iron.