高盛集团 中国按行业和技术实现净零排放的潜在路径建模.pdf

EQUITY RESEARCH | January 20, 2021 | 8:43 PM GMT

The following is a redacted version of the original report. See inside for details. Carbonomics China Net Zero: The clean tech revolution China’s pledge to achieve net zero carbon by 2060 represents two-thirds of the c.48% of global emissions from countries that have pledged net zero, and could transform China's economy, starting with the 14th Five-Year Plan. We model the country's potential path to net zero by sector and technology, laying out US$16 tn of clean tech infrastructure investments by 2060 that could create 40 mn net new jobs and drive economic growth. Our China Carbonomics cost curve highlights three key interconnected scalable technologies for net zero: 1) Electrification through renewable power dominates the lower par