China aims to peak its CO₂ emissions before 2030
CCUS gains traction in China after slow start
Country’s largest energy and industrial companies take the lead in early development ahead of wider deployment of technology
Carbon capture, utilisation and storage (CCUS) is picking up momentum in China with the support of more climate-focused policies and guidance from the central government since President Xi Jinping made his carbon peaking and carbon-neutrality pledges two years ago. The sharper focus on CCUS was underlined by its inclusion last year in China’s five-year plan for the first time, with calls for more demonstration projects that analysts say should lay a solid foundation for development. China aims to peak CO₂ emissions before 2030 and achieve carbon-neutrality before 2060, Xi announced in September 2020. The country’s energy and industrial heavyweights are leading the early development of CCUS a
Also in this section
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
