China’s climate push could spawn new global players, even if Beijing falls short on its pledge
5 Oct 2022

Two years ago, Chinese President Xi Jinping formally announced the world’s second largest economy would strive for peak carbon emissions in 2030, and carbon neutrality in 2060. These ambitions are spawning companies that could one day become global leaders in their fields.
While the country struggles to wean itself off coal, analysts said Beijing’s top-level emphasis on climate has fueled a policy push to try to support businesses focused on renewable energy and reducing carbon emissions. Still, the last two years show how Chinese leaders still struggle to balance growth and economic interests with achieving climate goals, especially in an economy where coal is the dominant energy source.
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