Chinese President Xi Jinping stated at the UN General Assembly on Sep. 22, 2020: “China will increase its national contribution by adopting more effective policies and measures to reach the peak in carbon emissions by 2030 and carbon neutrality by 2060.
On Dec. 11, the leaders of the 27 EU nations in the 2020 Brussels Summit passed the proposal by EU to raise the medium-term goal of carbon neutrality, namely, by 2030, the greenhouse gas emissions in EU will be reduced by at least 55% compared to that of 1990, and reach carbon neutrality by 2050.
On Dec. 9, 2020, Yi Gang, the Governor of the People’s Bank of China, said in a video speech at the Singapore Fintech Festival that the PBC would further improve the green finance standards bonded by the carbon neutrality target.
On Nov. 25, 2020, Zhou Xiaochuan, Vice Chairman of the Boao Forum for Asia, Vice Chairman of the 12th CPPCC National Committee, and former Governor of PBC, stated in the "Finance and Economics Annual Conference 2021: Forecast and Strategy" that to achieve its carbon-neutral emission targets, China couldn’t rely solely on the traditional task decentralized methods, because the lack of incentive might not implement tasks in full, greater efforts should be made to develop and utilize the carbon market. The financial market is easier to connect with the carbon market.
Carbon neutrality refers to the calculation of the total greenhouse gas emissions directly or indirectly generated by enterprises, groups or individuals within a certain time frame, through tree planting and forestation, energy saving and emission reduction, etc., to offset their own carbon emissions and achieve "zero carbon emissions." .
On June 19, 2019, Ministry of Ecology and Environment of People’s Republic of China issued "Guidelines for Implementing carbon neutrality for Large-scale Events" (Pilot). It defines“large-scale event”as large-scale gathering of activities at a specific time and place, including performances, competitions, conferences, forums, exhibitions, marathons, etc.
Bosch China commits to carbon neutrality of greenhouse gas
emissions from operations and production by the end of the year
2014 World Celebrity Pro-Am started its first effort of carbon neutrality in 2014 by purchasing corresponding CCER from RUIDE through public welfare project to help reduce greenhouse gas emissions caused by the tournament. It also promote low-carbon and green lifestyle among audiences .