Chinas Carbon Neutrality Policies: Economic Impact on Corporations, Challenges, and Recommendations

Abstract

The This paper delves into Chinas ambitious pursuit of carbon neutrality by 2060, aligning with the Paris Agreements global climate objectives, while acknowledging its status as the largest greenhouse gas emitter. The comprehensive analysis explores Chinas evolving policies aimed at achieving carbon peaking and emission reduction within its industrial and manufacturing sectors, crucial contributors to its emissions profile. These policies emphasize a shift towards green and low-carbon practices, necessitating multifaceted transformations in industrial structure, energy consumption, and technological adoption. The paper underscores the intricate challenges posed by global economic dynamics, technological uncertainties, and potential social impacts in Chinas carbon neutrality journey, particularly in establishing effective carbon penalties that strike the right balance between emissions reduction and economic stability. To address these challenges, the paper offers strategic policy recommendations, including talent attraction, research promotion, ESG investing, clean technology investment, and international collaboration, emphasizing interdisciplinary approaches and knowledge-sharing. In conclusion, Chinas commitment to carbon neutrality signifies a significant stride towards global climate action, and while challenges persist, the nation's resolute policies and collaborative endeavors hold the promise of a transformative and sustainable future for both its economy and the global environment.