What is the goal of China's double carbon strategy?

China's dual-carbon strategy has brought the following opportunities for green development:

First, it will force industrial transformation and upgrading to improve the quality of economic growth. The goal of "double carbon" will promote the transformation and upgrading of China's industrial manufacturing industry, especially the primary manufacturing industry, to green and low carbon, and will greatly increase the investment in research and development of new technologies related to green development, and consolidate China's dominant position in this field.

The second is to accelerate the process of energy transformation and energy revolution in China. By greatly improving energy efficiency, vigorously developing non-fossil energy, we will gradually get rid of dependence on fossil energy, support China's economic and social development and improve residents' living standards with lower energy consumption and cleaner energy, and ensure the safe supply of energy in China while forcing the transformation of clean energy.

The third is to speed up the pace of de-capacity and restructuring and integration of high-energy heavy chemical industries. In industries with high energy consumption and high emissions such as steel, petrochemical, building materials, cement and non-ferrous metals, capacity expansion will be subject to stricter carbon emission restrictions, and capacity withdrawal and reduction will be accelerated. Moreover, the leading enterprises with more advanced technology and facilities in the industry are expected to further occupy the competitive advantage, and the trend of merger, reorganization and integration will be strengthened.

The fourth is to increase the demand for green investment and improve the investment structure. In order to achieve the goal of "double carbon", three major investment needs will be increased: a large increase in investment in non-fossil energy such as wind power and photovoltaic.

In order to reduce emissions, industries with high energy consumption and high emissions need to increase a lot of investment in technological transformation such as clean energy equipment and low-carbon emission equipment; In order to reduce carbon emissions quickly, it is necessary to increase a lot of investment in green, low-carbon and zero-carbon technologies. These three new investment demands are distributed in energy, industry, construction, transportation and other industries.

Fifth, it is conducive to breaking the "carbon barrier" and promoting the export of products. In the future, under the pressure of carbon emission reduction, in order to meet the requirements of domestic environmental protection groups and protect domestic industries, some countries may link carbon emission reduction with trade, and are more likely to use "carbon barriers" to strictly examine infrastructure investment in developing countries. China's goal of "double carbon" can break the "trade barrier" and eliminate the potential risk of carbon tax on export products.