Caixin
Feb 09, 2022 08:27 PM
BUSINESS

China’s Steel Industry Given Five More Years to Peak Carbon Emissions

A steel mill in Yangjiang city, South China's Guangdong province on April 26, 2021. Photo: VCG
A steel mill in Yangjiang city, South China's Guangdong province on April 26, 2021. Photo: VCG

China has scrapped an ambitious push for its steel industry to peak carbon emissions by 2025, pushing the deadline back five years in final guidelines published this week.

The steel sector — the country’s second-largest industrial carbon emitter — will now have until 2030 to peak those emissions, in line with China’s broader national target.

The guidelines (link in Chinese) were jointly published by the Ministry of Industry and Information Technology, the environment ministry and the top economic planner on Monday. A draft released over a year ago said the sector would aim to “reach its carbon peak as early as 2025.”

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