China's "dual carbon" goal brings three major opportunities

On November 1, the National Development and Reform Commission and the high-level roundtable meeting of multinational enterprises in China was held
in Beijing with the theme of "focusing on the 20th National Congress and seeking new development together".
At the meeting, Zhao Penggao, Deputy Director General of the Department of Environmental Resources of the National Development and Reform Commission, introduced the progress of carbon peaking and carbon neutrality and the relevant situation
of the "1+N" policy system.

The report of the 20th National Congress of the Communist Party of China clearly stated that carbon peaking and carbon neutrality should be actively and steadily
promoted.
Achieving carbon peaking and carbon neutrality is a broad and profound economic and social systemic change
.
Based on China's energy resource endowment, we insist on establishing first and then breaking down, and implement carbon peaking actions
step by step in a planned way.

Zhao Penggao pointed out that since September 2020, China has made a good start in unswervingly promoting carbon peaking and carbon neutrality
.
An overall coordination mechanism has been established to promote the clean, low-carbon and efficient use of energy, promote industrial optimization and upgrading, consolidate and improve the carbon sink capacity of ecosystems, improve the green and low-carbon policy system, and actively participate in and respond to global climate change global governance, and actively fulfill international obligations
to address climate change.

On November 1, the National Development and Reform Commission and the high-level roundtable meeting of multinational enterprises in China was held
in Beijing with the theme of "focusing on the 20th National Congress and seeking new development together".
Zhao Penggao said that we exceeded the first phase of the NDC target ahead of schedule, and the national energy consumption intensity and carbon dioxide emission intensity were reduced by 2.
7% and 3.
8%
respectively in 2021.
It will play a constructive role in global climate governance and promote consensus
on core issues such as the implementation rules of the Paris Agreement.
Further promote the construction of
the green "Belt and Road".
Carry out South-South cooperation on climate change and strengthen practical cooperation
in the implementation of the Paris Agreement.

Zhao Penggao said that the "1+N" policy system for carbon peaking and carbon neutrality is the institutional guarantee
for China's in-depth implementation of the strategy of carbon peaking and carbon neutrality.
With the efforts of various departments, the "1+N" policy system for carbon peaking and carbon neutrality has been established
.

Among them, "1" is the guiding ideology and top-level design for China to achieve carbon peaking and carbon neutrality, which is composed of two top-level design documents, the "Opinions on Complete, Accurate and Comprehensive Implementation of the New Development Concept to Do a Good Job in Carbon Peaking and Carbon Neutrality" and the "Action Plan for Carbon Peaking before 2030", which clarify the timetable, roadmap and construction drawings
for carbon peaking and carbon neutrality.

"N" refers to the implementation plans of key areas and key industries and related support and guarantee plans, including energy, industry, urban and rural construction, transportation, agriculture and rural areas and other key areas, coal, oil and gas, iron and steel, non-ferrous metals, petrochemical industry, building materials and other key industries, as well as scientific and technological support, financial support, statistical accounting, talent training and other support and guarantee programs
.

Zhao Penggao pointed out that China's "dual carbon" goal is a very extensive and profound economic and social systemic change, and there are huge market and market opportunities
in the process of this change.
Specifically, there are three aspects: the first is the exchange and cooperation of low-carbon, zero-carbon and carbon-negative technologies; The second is to carry out green and low-carbon trade and investment cooperation; China promises to vigorously support the green and low-carbon development of energy in developing countries, Chinese and foreign enterprises have broad cooperation space and huge cooperation potential, and hope that multinational companies will give full play to their own advantages and work with Chinese enterprises to develop third-party practices to achieve win-win
cooperation.