Natural gas project set to help attain carbon neutrality target

A major natural gas project under construction in southwestern China will further facilitate the government's efforts to achieve peak carbon dioxide emissions by 2030 and reach carbon neutrality by 2060, said an analyst.

The project will contribute substantially to the country's carbon neutrality goal, helping China achieve its target in terms of decarbonizing the industry and power sectors by switching from coal to gas in the coming years, said Cao Lujia, an analyst at BloombergNEF.

"There is big potential in shale gas in this region, which could be the pillar of China's domestic gas supply to help decarbonize the industry and power sectors in the long term," Cao added.