China may triple electricity generation to supply 60% of the country’s total energy under Beijing’s carbon-neutral goal by 2060, up from the current 23%, said Shell on Monday.

Shell is one of the largest global investors in China’s energy sector, with their operations covering gas production, petrochemicals and a retail fuel network. In a bid to help the international climate crisis, the leading supplier of liquefied natural gas has recently expanded into low-carbon operations such as hydrogen power and electric vehicle charging.

Assessing the country’s energy sector, Shell said China needed to take quick action this decade to stay on track to reach the carbon-neutrality goal.

China has mapped out plans to reach peak emissions by 2030, but has not yet revealed any detailed carbon roadmap for 2060.
Plans include investing in reliable and renewable power systems and demonstrating technologies that transform heavy industry using hydrogen, biofuel and carbon capture and utilisation.

“With early and systematic action, China can deliver better environmental and social outcomes for its citizens while being a force for good in the global fight against climate change,” said Mallika Ishwaran, chief economist of Shell International.