Under the United Nations Framework Convention on Climate Change, climate governance has entered the global spotlight, with initiatives including the Kyoto Protocol and Paris Agreement, and December 2020's Climate Ambition Summit. Peak carbon and carbon neutrality are essential to China's sustainable development. To enable China's comprehensive green transformation, cooperation between government and non-governmental organizations (NGOs), and multi-national collaboration, must be promoted.

Peak carbon and carbon neutrality are systematic projects in which the power generation industry has a vital, historic mission. According to the International Energy Agency, China's carbon emissions in 2019 reached 11.3 billion tons, of which the electricity sector accounted for 37%. In recent years, China's transformation to low- carbon power has achieved impressive results. Its new energy industry (including onshore and offshore wind power and photovoltaics) has formed an integrated industry chain and supply chain covering research and development, production and manufacturing. The cost of new energy generation has tumbled.

Download the full report：Boosting the New Peak Goals and Carbon Neutral Vision (2)