Abstract

“Carbon Neutrality” means that enterprises, groups, or individuals calculate the total amount of greenhouse gas emissions produced directly or indirectly within a certain period and offset their Carbon dioxide emissions through afforestation, energy conservation, and emission reduction to achieve zero carbon dioxide emissions. Since 2020, the commitment to Carbon Neutrality has been paid attention to by various industries. Particularly, in the car industry, “Carbon Neutrality” has almost become one of the hottest directions. This paper focuses on policymaking and its impact on the automotive industry in the context of carbon neutrality. It is concluded that Carbon Neutrality is a problem that automobile enterprises must face. Automobile enterprises should set targets and time nodes related to Carbon Neutrality as soon as possible and speed up implementing specific measures. In addition, electric and new energy vehicles are more conducive to carbon emissions and carbon neutral transportation. Its development should also be put on the agenda.

Highlights

  • On the fifth anniversary of the Paris Agreement, China has announced to the world its national goal of reaching a carbon peak by 2030 and becoming carbon neutral by 2060

  • The results show that China will require a carbon reduction rate of no less than 6 percent per year and a growth rate of no less than 10 percent per year in its carbon capture capacity to achieve carbon neutrality by 2060

  • Nam et al estimated the potential synergies between pollution and climate control in China and the United States and summarized the results as the cross elasticity of emissions control. This result suggests that China may have a greater incentive to reduce SO2 and NOx and produce significant local pollution benefits [5].UNDP expects a myriad of negative impacts on global society stemmed from climate change between 2030 and 2050

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Summary

INTRODUCTION

On the fifth anniversary of the Paris Agreement, China has announced to the world its national goal of reaching a carbon peak by 2030 and becoming carbon neutral by 2060. This is China's national policy to actively tackle climate change and a national strategy based on scientific demonstration. It clarifies the phase goals of the "energy revolution" and requires us to make more solid and active efforts to transition to low-carbon energy. Energy revolution cannot be called, and the extensive growth of heavy industry, low energy efficiency, and high carbon structure have made environmental problems increasingly prominent

LITERATURE REVIEW
POLICY DEVELOPMENT
Develop clean energy and reduce coal power supply
Reduce building carbon emissions and build green buildings
INFLUENCE ON CAR COMPANIES
Findings
CONCLUSION
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