China's climate push could spawn new global players, even if Beijing falls short on its pledge
China aims to reach peak carbon emissions in 2030. Pictured here is a wind farm in Chongqing in southwest China, on June 28, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China says it wants to be carbon neutral by 2060 — and those stated ambitions are spawning companies that could one day become global leaders in their fields. Two years ago, Chinese President Xi Jinping formally announced the world's second largest economy would strive for peak carbon emissions in 2030, and carbon neutrality in 2060. To be carbon neutral means the amount of carbon dioxide emitted by the whole country will be offset in other ways. It also means there shouldn't?/won't? be any increase in greenhouse emissions in China after 2030. While the country struggles to wean itself off coal, analysts said Beijing's top-level emphasis on climate has fueled a policy push to try to support businesses focused on renewable energy and reducing carbon emissions. "China...