China calls on state firms to cut energy consumption amid carbon peak goals

Chinese centrally owned state firms must cut their energy consumption per 10,000 yuan ($1,570) of output value by 2025 to 15% below their 2020 levels, the state-asset regulator said on Thursday.

State-owned enterprises also have to reduce carbon dioxide emissions per 10,000 yuan of output value by 18% from 2020 levels, also by 2025, the State Assets Supervision and Administration Commission (SASAC) said in a statement issued on Thursday.

The regulator also said firms’ installed proportion of renewable energy power generation should be raised to more than 50%, as part of China’s target of having carbon emissions peak before 2030.