China

Plan on reaching peak CO2 emissions by 2030 in polluting industries

Executive

Plan

Passed in 2022

In February 2022, the government released guidelines promoting the High-Quality Development of the Iron and Steel Industry and that required to reach peak CO2 emissions by 2030. In July, the Ministry of Industry and Information Technology approved a plan to oblige companies in steel, building materials, petrochemicals, non-ferrous metals, consumer goods, equipment manufacturing and electronics sectors with an annual revenue of CNY20m (US$2.9m) or more to slash energy use by 13.5% from 2020 levels in 2025, and to reach peak carbon emissions by 2030.