Low carbon strategy

First, where does the “low-carbon road” come from?
In his speech at the 75th session of the United Nations General Assembly in September 2020, the General Secretary said, “China will increase its nationally determined contributions, adopt more effective policies and measures, strive to peak its carbon dioxide emissions before 2030, and strive to achieve carbon neutrality by 2060.”
That’s where carbon peaking and carbon neutrality come in.

Carbon peaking and carbon neutrality have always been a key part of our work especially for the construction of galvanized steel pipes. It has been clearly stated that we will “accelerate the construction of a national energy and carbon emission trading market, and improve the dual control degree of energy consumption”. Thanks to the efforts of many departments, preparations for the national carbon emission trading market have been quickly completed.
Second, where is the “low carbon road” going?
The construction of “low carbon road” should be integrated into the overall layout of steel pipe manufacturer in China, which is a broad and profound economic and social transformation. Its fundamental purpose is to meet the people’s ever-increasing needs for a better life.
Several countries have committed to becoming carbon neutral by the middle of the 21st century, and many have enshrined carbon neutrality in law. As a large developing country, China has pledged to achieve carbon peaking to carbon neutrality in a relatively short period of time, which is unprecedented in reducing carbon intensity in the carbon steel pipe.
The challenge of “low carbon road” is huge, but we are ready to warm up before “running”. Since 2011, Beijing, Tianjin, Shanghai, Chongqing, Hubei and Guangdong have carried out pilot projects for carbon emission trading. The carbon market in the pilot phase covers a total of 440 million tons of carbon emissions, and the cumulative transaction value is about 10.47 billion yuan.
According to a report released by the Ministry of Ecology and Environment, 87 percent of 337 cities at prefecture-level or above had good days on average, up 5 percentage points year on year. The average PM2.5 concentration was 33 micrograms per cubic meter, down 8.3 percent year on year.
Third, how to build a “low-carbon road”?
We need to accelerate the formation of steel pipe for sale structures, modes of production, lifestyles and spatial patterns that conserve resources and protect the environment. For example, the lifestyle closely related to everyone, less air conditioning for 1 hour, less take an elevator, save a ton of water, will reduce carbon dioxide emissions.
As for the “low-carbon road” infrastructure construction, such as the optimization and adjustment of industrial structure, mode of production and spatial pattern, capital needs to be actively involved and fully supported. The existing financial products in our carbon market include quota repurchase financing, carbon assets pledge, carbon bonds, carbon swaps, carbon forward, carbon funds, carbon trust and so on. The online trading of the national carbon emission trading market will greatly enrich the matrix of carbon financial products and attract more funds for carbon trading.
Based on the calculation data of mainstream institutions at home and abroad, we find that China needs to invest about 150 trillion yuan to 300 trillion yuan, or even more, to achieve the goal of carbon peak and carbon neutrality, which requires us to make strenuous efforts. Carbon markets provide an important fulcrum for these goals.