China Presses State Firms to Make Deep Cuts to Energy Use to Meet Emissions Goals

What’s new: China’s top state assets regulator has urged major state companies to do more to reduce energy consumption and carbon emissions as part of efforts to help Beijing realize its climate pledges.

By 2025, the country’s central government-controlled state-owned enterprises must have slashed their energy consumption and carbon dioxide emissions per unit of output value by 15% and 18%, respectively, compared with the levels seen in 2020, according to guidance (link in Chinese) published on Thursday by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, China’s cabinet.