Episode 26: The Bumpy Road to Carbon Neutrality

The Bumpy Road to Carbon Neutrality

The European Chamber published its annual Business Confidence Survey in early May. One section of the survey is on carbon neutrality. It is a key policy priority for the Chinese Government, which targets peaking carbon emissions before 2030 and achieving carbon neutrality by 2060. It is also a key goal of European businesses in China, who not only need to live up to their global corporate sustainability pledges, but also comply with strict EU regulations.

In today’s episode, our host Gao Rui, senior marketing manager at the European Chamber, is joined by Christoph Schrempp, Chair of the European Chamber’s Tianjin Chapter, and Xu Zhonghua, Chair of Carbon Market Working Group. They look at some of the survey’s findings on carbon neutrality and discuss companies’ decarbonisation progress, strategies, challenges and areas of cooperation with China.

What to listen for:

2:15 General picture of access to renewable energy in China

3:49 Access to renewables situation in Tianjin

8:45 Examples of companies’ actions to increase energy efficiency

11:13 Policy or financial incentives for companies in China to increase energy efficiency

11:58 How carbon credits work

12:25 Carbon trading is a necessary strategy in the long run

14:27 Uncertainties over China’s national carbon-trading market

15:41 Difficulties for European companies to participate in the current carbon trading market in China

18:41 Lack of low-carbon culture and its impact on companies’ decarbonisation progress

22:16 What European businesses in China can offer to help China achieve its 30/60 goals

24:40 What the European Chamber’s working groups and chapters can do to help members deliver on their decarbonisation pledges


We’d love to hear your feedback. Contact us at website@europeanchamber.com.cn.

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