Carbon Neutrality: The Role of European Business in China's Race to 2060

Carbon Neutrality: The Role of European Business in China's Race to 2060 - 碳中和：欧洲企业助力中国实现2060愿景 Go back »

Published on:

2022-05-25
Category:

Publications
Keywords:

carbon neutrality, energy

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Beijing, 25th May 2022 – The European Union Chamber of Commerce in China (European Chamber), in partnership with Roland Berger, today published Carbon Neutrality: The Role of European Companies in China’s Race to 2060. Based on a member survey and extensive interviews, the report identifies areas where EU-China cooperation can be deepened so that China can front load the technologies it needs to accelerate its carbon neutrality drive.

Driven by stringent environmental regulations and consumer demand, and guided by their global corporate carbon neutrality pledges, European businesses are well placed to help China peak carbon emissions before 2030, and push towards carbon neutrality in 2060. The report finds that 67 per cent of European companies operating in China are already pursuing carbon neutrality, and 40 per cent have established China focused decarbonisation teams, many of which report directly to the board.

However, three sets of barriers currently prevent European firms from fully contributing to China’s carbon neutrality drive.

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