China's "Campaign-Style" Carbon Reduction Affects Prices and Supply

September 27, 2021
To commit the promise to the world that China will meet the emission peak in the year 2030 and carbon neutrality in the year 2060, Chinese most local governments have taken strict-ever actions to reduce the release of co2 and energy consumption by restricted the supply of electrical power. 
 
These actions will result in a terrible increase of all costs, from raw materials to packing materials, from labor cost to ports operation costs. Now, we all face a difficult choice: to order NOW (before our National Day-Oct 1st) or wait at least a few months later (NOT sure when costs will go down). Just be prepared for 2 things: prices will be increased, and delivery time will be prolonged.
 
China to rectify "campaign-style" carbon reduction: NDRC
 
Source: Xinhua
 
BEIJING, Aug. 17 (Xinhua) -- China will rectify deviations in its effort to cut carbon emissions while resolutely curbing the pell-mell development of high-energy intensity and highly pollutive projects, the country's top economic planner said Tuesday.
 
In the process of cutting carbon emissions, some regions have set overly ambitious and unrealistic goals or simply chanted slogans without taking actions, while some industries failed to make solid energy-saving efforts in the hope that certain technology would solve the problem once and for all, said Meng Wei, spokesperson for the National Development and Reform Commission (NDRC), adding that these issues must be addressed.
 
The statement echoed an announcement made at a recent meeting attended by the country's top decision-makers, which urged putting an end to "campaign-style" carbon reduction and resolutely curbing high energy-consuming and high-emission projects.
 
The country is striving to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.
 
In the meantime, the commission will improve the mechanism on energy consumption control and roll out a three-year work plan to guide local efforts on curbing the blind expansion of high-energy intensity and highly pollutive projects, Meng added.