Economists and business leaders attending the ongoing China Development Forum 2021 spoke highly of the country's resolve to prioritize the reduction of carbon dioxide emissions in future development.
CHINA MINING News
To regulate the industry of rare earths or not to regulate it, that is indeed an important question. For, as Xiao Yaqing, minister of Industry and Information Technology, said at a news conference on Monday, the country's rare earths are being sold at too low a price in the international market, which is a waste of these valuable resources.
China is likely to include shale oil exploration and development during the 14th Five-Year Plan period (2021-25) to cut its reliance on costly imports and bolster energy security, experts said.
Speakers at a recent shale oil exploration and development promotion conference held by the National Energy Administration indicated that the government was keen to include shale oil exploration in the top-level policy blueprint that plots the country's path based on a set of developmental goals.
China will come out with an action plan soon to further reduce the carbon footprint of the steel industry in the country, a top industry association said on Wednesday.
According to the China Iron and Steel Association, the move came after the country vowed to peak its carbon emissions by 2030 and achieve carbon neutrality before 2060, as part of wide-ranging environmental protection efforts that envisage carbon reductions in industries like cement.