China’s release of more conservative peak emissions target for its steel industry have raised concerns that its overall aim to hit the mark by 2030 could be at risk, according to industry insiders.
Chinese authorities said last week that its steel industry, the world’s biggest, should reach peak carbon emissions before 2030 – five years later than the China Iron and Steel Association’s previous target.
The new targets were issued in joint guidelines by the Ministry of Industry and Information Technology, the National Development and Reform Commission and the Ministry of Ecology and Environment.
In the guidelines the ministries also looked at ways to improve production efficiency and reduce resource consumption.