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Climate Change

Chinese steelmakers fall prey to Beijing's climate target

Local officials order steelworks shutdowns to please central government

China's local governments are targeting the steel industry to reduce CO2 emissions.    © Reuters

TANGSHAN, China -- In China, when top party officials set a goal, everybody follows. Beijing's pledge to achieve carbon neutrality by 2060 has sent local officials scrambling to cut emissions, causing upheaval at steelmakers, with facility closures resulting in massive layoffs.

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