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illuminum summarizes for you the essential news of the day. Read the full piece on South China Morning Post or enjoy below:
🗞️ Driving the news: Beijing aims to cut emissions from steel, oil refining, ammonia, and cement industries by 84 million tonnes by the end of next year, focusing on energy conservation and carbon reduction to meet its dual carbon goals
🔭 The context: These four industries contribute significantly to China's emissions, with steel alone accounting for 15-20%
• Despite a rise in national emissions last year, industrial emissions stayed stable, and new efficiency measures are expected to show impact in the medium term
🌍 Why it matters for the planet: Improving energy efficiency and reducing emissions in these high-carbon industries are crucial for China, the world's largest emitter, to achieve its carbon neutrality target by 2060, significantly impacting global climate change efforts
⏭️ What's next: China plans to enhance energy efficiency across these industries by 2025, aiming for further improvements by 2030
• This includes upgrading equipment and optimizing energy use to meet international standards
💬 One quote: “This is of great significance in supporting energy conservation and carbon reduction in the whole society,” stated the NDRC
📈 One stat: The implementation of these measures is expected to save about 32 million tonnes of standard coal equivalent, translating to a reduction of 84 million tonnes in carbon dioxide emissions by 2025
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