On September 22, 2020, President Xi Jinping
announced at the 75th Session of the United Nations
General Assembly that “China will enhance its NDC by
adopting more powerful policies and measures and
strive to achieve CO2 emissions peaking by 2030, and
carbon neutrality by 2060.” Carbon neutrality means
achieving net-zero carbon dioxide (CO2) emissions by
removing (often through carbon offsets) the same level
of emissions that are emitted, or simply eliminating
CO2 emissions altogether. A more ambitious goal than
carbon neutrality is to achieve zero carbon emissions,
but a national goal of carbon neutrality would already
imply that most players within the economic system
achieve zero carbon.

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