SPIC Taking the Initiative in Curbing Emissions

The booth of State Power Investment Corp at an industry expo in Beijing. [Photo by Da Wei/For China Daily]

State Power Investment Corp, one of China's top five power producers, plans to build a platform to promote carbon reduction through individual efforts with Beijing Green Exchange to further facilitate the country's efforts to peak carbon emissions by 2030 and reach carbon neutrality by 2060, the company said on April 20.

As the country's first platform to promote individual carbon reductions with incentive mechanism, including employee benefits and E-mall discount coupons, it will be launched in June among employees of SPIC and further expand to cooperative enterprises and the public soon, Zu Bin, director of SPIC, said during a news conference in Beijing on Tuesday.

The platform will make individual's efforts to reduce carbon emission more concrete and thus encourage more efforts from the public, he said.

It is also everyone's responsibility to facilitate the country's goal of achieving carbon neutrality by 2060 and overall low-carbon development, he added.

China aims to peak its carbon emissions before 2030 and reach carbon neutrality by 2060, while the State-owned enterprise had pledged to cap its own domestic carbon emissions by 2023, the company said earlier.

It also plans to raise its installed power capacity to more than 220 gigawatts by 2025, from which more than 60 percent would be clean energy.