The most-populous nation has set itself the ambitious goal of becoming carbon-neutral by 2060, a challenging target given it hasn’t even reached its emissions peak. What is China’s goal? Even though China is the world’s second-largest economy, it’s still classified as a developing nation and hasn’t reached its emissions peak. China has to find replacements for the fossil fuels that have powered its economy and rapid urbanization. China’s goal of carbon neutrality is shared across China’s key institutions and is a top priority for the PBOC.

Source: Mint August 10, 2021 21:56 UTC