Interpretation of the Third Plenary Session of the 20th Central Committee of the Communist Party of China on Improving China's Green and Low Carbon Development Mechanism
The"Resolution of the Central Committee of the Communist Party of China on Further Deepening Reform Comprehensively to Advance Chinese Modernization"proposes the strategic approach of"improving the green and low-carbon development mechanism",emphasizing the acceleration of a comprehensive green and low-carbon transformation of the economy and society.The key tasks include comprehensive,coordinated,innovative,and secure transformation,along with the improvement of supporting policies such as fiscal and taxation,finance,investment,pricing,and standard systems.The comprehensive green and low-carbon transformation will have a profound impact on the petrochemical industry.While driving the growth of the energy conservation and environmental protection industry,optimizing the energy structure,reducing external dependency,and enhancing energy security,it also poses challenges such as constraints on investment development,increased pressure for energy conservation and carbon reduction,and heightened requirements for carbon management capabilities.It is recommended that the petrochemical industry should update its green strategies,deepen the reform of the science and technology system,enhance management awareness,take practical actions to promote carbon emission reduction,and achieve green transformation.
Third Plenary Session of the 20th Central Committee of the Communist Party of Chinagreen and low-carbondevelopmenttransformation and upgradingpetrochemical industrycarbon emission reduction
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