Recently, the State-owned Assets Supervision and Administration Commission (SASAC) convened a meeting to discuss ‘State Owned Enterprises Carbon Peak and Carbon Neutrality’. State Owned Enterprises (SOE) will have up to the end of 2022 to formulate an action plan to peak their carbon emissions. All central enterprises should formulate action plans for carbon peaking in a scientific and reasonable manner, following a “one enterprise, one policy” policy. 20 SOEs have already formulated their actions plans, but challenges still need to be overcome:
- Lack of carbon emissions data
- Poor understanding of industrial layout and scientific basis for targets
- Peak emissions lack ambition due to resistance to industrial transformation
- Poor research concerning emissions reduction paths and unpractical measures
SOEs are main carbon emitters and investors in renewable energy. Such policy should further stimulate investment in new energy projects and technologies and demand for low carbon solutions on carbon and power markets.
(BJX)
