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In 2020, China announced its national decarbonization target, aiming to reach carbon
peaking by 2030 and carbon neutrality by 2060 – the so-called “dual-carbon” target.
This is one of the most ambitious and time-constrained emission reduction targets
across all countries worldwide that demonstrates China’s commitment towards global
sustainable development. Siemens believes that China’s high carbon emissions can
be attributed to several triggering factors: high national-level energy demand, con-
ventional industrial structure, relatively low energy utilization efciency and limited
utilization of renewable energy. In the near future, the main focus areas of emission
reduction will lie within industry and energy sectors. In addition, transportation and
construction sectors call for close attention in the “dual-carbon” pathway, as emissions
from these two sectors could increase in the context of further population growth and
rapid urbanization. Besides putting efforts in achieving organic growth, it is suggested
that enterprises invest in developing sophisticated decarbonization technologies. The
proper application of innovative technologies is a key lever for them to achieve carbon
neutrality and remain competitive in the marketplace.
To achieve the “dual-carbon” target, governments and enterprises should start with the
precise baselining of the as-is carbon emission, followed by the design of economically
sustainable “zero-carbon” roadmaps and implementable measures. A comprehensive
emission reduction strategy should factor in both internal and external circumstances
to be able to “walk the talk”. Last but not least, organizations should consider the iter-
ation and adjustment of their “zero-carbon” roadmaps where necessary, according to
business situations, policy developments and advancement of decarbonization tech-
nologies. Siemens believes that the ability to apply innovative technologies constitutes
the core competence for enterprises in their carbon neutrality journey.
Siemens is one of the very rst technology companies globally that announced a rm
commitment to carbon neutrality. We promise to become carbon neutral within our
business operations by 2030. As a global leader in digitalization and innovative tech-
nology, we commit to assisting industries and corporate players in their decarbonizing
journey using our consulting expertise as a pivot, and digital solutions as the lever.
This white paper shares Siemens’ industry know-how in the “dual-carbon” realm and
showcases how we have helped our partners and clients in achieving carbon-neutral
best practices. We hope that this paper could act as a knowledge base and point of ref-
erence for our readers and inspire them in their own “zero-carbon” pursuit.
EXECUTIVE SUMMARY
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