The issue

Currently, China contributes 28% of total global carbon emissions, with a goal to achieve carbon neutrality by 2060, and hit peak carbon emissions before 2030.

The outcome

Positive outcomes so far include one of the companies investing in green hydrogen production (most of China’s hydrogen is presently carbon-intensive grey or brown hydrogen), disclosing scope 1 and 2 emissions for the first time in its 2019 ESG report, and committing to increased capital expenditure around clean energy by 2050. They publicly stated a Net Zero target by 2050 and announced plans to invest in geothermal, wind, solar and pilot hydrogen projects.