Green commitments

China's top leadership has pledged a quicker rollout of an action plan to peak the country's carbon emissions before 2030, with steps to support the development of new energy vehicles and curb the development of projects that produce high rates of emissions into the atmosphere and consume large amounts of energy. A number of China's State-owned enterprises have also rolled out plans to peak carbon emissions and achieve carbon neutrality.

Xi announced at the virtual Leaders Summit on Climate in April that China will strictly control coal-fired power generation projects, and strictly limit the increase in coal consumption over the 14th Five-Year Plan (2021-25) period and phase it down in the 15th Five-Year Plan (2026-30) period.

Ladjevac said she believes the nation should share more environmental protection technologies with other nations to help with global climate change mitigation.

Richter, from Horasis, added that China has also been at the forefront of developments in renewable energy, as it looks to cut carbon emissions and become carbon-neutral by 2060.

"Given the progress China has made in pushing its clean energy agenda, this is not impossible. For what is essentially still a developing economy, China's commitment to cutting emissions and leading the drive against climate change is exemplary," he said.