How can finance help China’s heavy industries decarbonise?

Cutting emissions from high-carbon industries, such as steel and cement making, is crucial to China’s efforts to meet its dual carbon targets, of peaking by 2030 and neutrality before 2060. But low-carbon restructuring, and adopting and commercialising greener technologies, will be tough to do at scale. A recent report from the CBI found China needs to spend between 2.2 trillion and 12.5 trillion yuan change.

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