Carbon Neutrality

Carbon neutrality, or having a net zero carbon footprint, refers to achieving net zero carbon emissions by balancing emitting and absorbing carbon from the atmosphere. It describes a state of net zero carbon footprint that can be achieved when an entity that produces carbon emissions removes the same volume of carbon emissions from the Earth's atmosphere. Reaching carbon neutrality involves a variety of measures, including energy efficiency initiatives, renewable energy transitions, carbon removal, and carbon offset projects. China has launched a guiding document in 2021 on the country's work to achieve carbon peaking and carbon neutrality goals under the new development philosophy, laying out key specific targets and measures for upcoming decades. According to it, China aims to gradually increase the share of non-fossil energy consumption to around 20 percent by 2025, around 25 percent by 2030, and over 80 percent by 2060. By 2030, China's carbon dioxide emissions will peak, stabilize and then decline, and by 2060, China will be carbon neutral and have fully established a green, low-carbon, and circular economy.