MySteel Global: China recently unveiled a guideline for accelerating a comprehensive green transition in all economic and social sectors, the central government’s first systematic deployment of its green and low-carbon goals.
The 33-point guideline released by the Central Committee of the Communist Party of China and the State Council, the country’s cabinet, outlined key targets for 2030 related to the country’s broad green transition.
By 2030, key areas in the economic and social sectors will see notable progress in the green transition and by 2035, a green, low-carbon and circular economy will largely be established, with carbon emissions peaking and then gradually declining, while economic and social development will fully adopt a green path, according to the guideline.
The scale of the energy-saving and environmental protection industry will reach about yuan 15 trillion ($2 trillion) by actively promoting the rapid development of green and low-carbon industries and business models, it said.
By 2030, the target is for non-fossil fuels (wind, solar, hydropower, offshore wind and coastal nuclear power) to constitute 25% of the total energy mix and to achieve the target, and China needs to accelerate the development of these energy sources, tailored to local conditions, the guideline said.
It also said that the annual use of major solid waste is projected at about 4.5 billion tonnes (bnt), achieved through measures such as advancing the resource recycling and re-manufacturing industries to improve resource utilisation. The document also highlighted three key actions–adopting a comprehensive conservation strategy, encouraging green consumption and using technological innovation. These measures aim to create a resource-efficient and eco-friendly spatial layout and industrial structure, production methods and lifestyle.
Note: This article has been written in accordance with an article exchange agreement between MySteel Global and BigMint.
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