As early in the 1990s, European Union (EU)’s chemical sector has reached carbon peaking, with the refineries sector realizing carbon peaking in 2005. The energy and fuel transition, improved efficiencies benefited from process optimization and waste hear recovery, combined with other low carbon technology really contribute to the carbon reduction goal.
In order to broaden the carbon market, China must step up its efforts to reform calculation methods and align them with practical requirements.
