China's economy is currently in a critical phase of recovery and transformation. Achieving stable growth in key industries is essential to addressing various economic risks and challenges and laying the foundation for the high-quality development of the industrial sector. This suggests that the ten major industries with steady growth action plans should organize industry-specific long-term carbon-neutrality strategic studies.

China’s steel industry faces internal and external pressure to reduce emissions. In this context, incorporating the steel industry into the national carbon emission trading market, and leveraging carbon costs to drive steel production enterprises towards adopting lower-carbon manufacturing processes and procedures, will be an effective approach to address both external emission reduction tasks and internal emission reduction demands.

This policy brief takes a close look at coal power development in Guangdong Province, which has a strong economy and is known for generating a significant amount of energy using coal. It looks at the driving forces and policy rationale behind expansion in this industry and assesses the validity of current transition strategies. Finally, it puts forward policy recommendations to facilitate Guangdong’s power transition to meet China’s dual carbon goals.