2050 Carbon neutrality scenarios (final)

The presidential committee on carbon neutrality announced two upgraded 2050 carbon neutrality roadmaps to achieve net-zero emissions goal by 2050. 

 

Further to the draft for three scenarios announced in August, the committee came up with upgraded two scenarios which both call for the coal phase-out suggesting different proposals in sectors such as power supply, transportation, hydrogen, and carbon capture, utilisation and storage (CCUS). 

 

The specific scenarios are as follows:

 

• 1st Scenario: aiming to eliminate all thermal power generation using fossil fuel and LNG to achieve zero emissions in the power supply sector

 

• 2nd Scenario: aiming to abolish coal-fired power generation but will keep LNG as a flexible power source with some levels of emissions including plans to boost CCUS and direct air capture (DAC) capabilities to achieve net-zero emissions

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