China Ramps Up Push to Make World’s Biggest Steel Industry Green
- Steel has surged as output curbs coincide with strong demand
- Path toward net-zero is unclear, technology needs investment
Photographer: Qilai Shen/Bloomberg
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China is strengthening efforts to clean up one of the dirtiest corners of its economy, and now plans for its mammoth steel industry to reach peak emissions within four years.
The nation aims to hit peak carbon emissions before 2025, and reduce them by 30% by 2030, according to a WeChat post by the China Metallurgical Industry Planning and Research Institute on Sunday that cited a draft plan. China is also set to release stricter measures around crude steel production capacity and its replacement, the Economic Information Daily reported, citing a person it didn’t identify.