China’s Steel Champion Nods to Xi With 2050 Carbon-Zero Vow
- Baowu says it predicts carbon emissions declining after 2023
- Steelmaking makes up 15% of China’s carbon footprint: Baowu
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China Baowu Steel Group, the top global producer, pledged to go carbon neutral by 2050, echoing a push by President Xi Jinping to shift China’s economy away from fossil fuels in coming decades.
The group expects emissions to peak by 2023, before gradually reducing its carbon footprint to zero by the middle of the decade, Chairman Chen Derong told a company meeting on Wednesday, according to Baowu’s official WeChat account.