China oil major eyes 2025 carbon peak, steadily growing offset portfolio

Published 11:48 on June 6, 2022  /  Last updated at 11:48 on June 6, 2022  /  China, China's National ETS, China's Offset Market, Voluntary Market  /  No Comments

China National Petroleum Corporation (CNPC), the world’s third-largest oil company, plans to peak its carbon emissions by 2025 and achieve net zero by 2050 helped by a steadily growing portfolio of forest carbon projects, it announced Monday, both targets well ahead of the Chinese government emissions pathway.

China National Petroleum Corporation (CNPC), the world’s third-largest oil company, plans to peak its carbon emissions by 2025 and achieve net zero by 2050 helped by a steadily growing portfolio of forest carbon projects, it announced Monday, both targets well ahead of the Chinese government’s emissions pathway.

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