China works on CO2 emission accounting standards for automotive sector
Cars in Beijing at peak hours. /CFP
Cars in Beijing at peak hours. /CFP

Cars in Beijing at peak hours. /CFP

China is compiling carbon emission accounting standards for automotive enterprises as part of its efforts to achieve high-quality development goals, the China Association of Automobile Manufactures (CAAM) said on Wednesday.

As many developed countries have achieved carbon peaking, low carbonization is the "golden key" to open the international market in the future, CAAM Executive Vice Chairman Fu Bingfeng said at the 2022 China Auto Forum in Shanghai. 

China aims to peak carbon emissions by 2030 and achieve neutrality by 2060.

It is necessary to reduce carbon emissions from the entire life cycle of car production to reduce emissions in China's automobile sector and narrow the gap with the developed countries, Fu said.

With the booming development of internet and information technology, China's car sector is embarking on a new era, Fu said, emphasizing the leading role of intelligent connected vehicles (ICVs).

The development of fundamental software and operating systems is the key to creating an integrated ICV ecosystem, he added. 

The penetration rate of passenger cars with L2-level assisted driving has exceeded 30 percent in China, Fu said. 

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