Tag: China: Carbon peak plan energy transition to shift focus to high-quality steel

China’s State Council has formally issued the ‘Carbon Peaking Action Plan by 2030’ which aims to promote smooth low-carbon transition in China. The Plan proposes that by 2025 the proportion of non-fossil energy consumption will reach about 20% and energy consumption per unit of GDP will be reduced by 13.5% compared to 2020. Carbon dioxide…