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
5 December 2024
Completion of phase-one construction expected in 2027 as technology providers SLB and Linde take equity stakes in one of world’s largest CCS projects
5 December 2024
The new edition of Outlook, our annual publication about the year ahead for energy, produced in association with White & Case, is available now
27 November 2024
The agreement by the parties to raise at least $300b/yr for developing countries by 2035 was derided as a betrayal by the Global South, but the UN urged pragmatism
26 November 2024
Agreements on how to operationalise both Article 6.2 and 6.4 will mean countries can start to trade emissions reductions as part of their contributions to the Paris Agreement
