Chinese media reported that China Iron and Steel Association is advancing a series of carbon emission reduction programs to help fulfil China's commitment to green development and has set up a new committee to lead efforts aimed at carbon emission reduction planning, research and development of carbon emission reduction techniques and setting carbon emission reduction regulation policies. An expert group will support the works of committee covering policies, techniques and finance
It i also reported that Chinese state controlled steel enterprise Baowu Steel Group announced that the company is making effort to reach peak of carbon dioxide emissions in 2023 and realize carbon neutral in 2050.
The Central Economic Work Conference held in Beijing in December 2020 stressed that realizing carbon neutrality and peak carbon dioxide emissions are two important goals in China's future development. China vowed to peak the carbon dioxide emission before 2030 and realized carbon neutral before 2060.
China is the world’s biggest greenhouse gas emitter, and its steel industry accounts for around 15% of the country’s total carbon emissions.