Energy, chemical sectors form alliance to focus on carbon footprint

China's first alliance in the energy and chemical sector focused on carbon footprint was established in Beijing on Wednesday, eyeing to promote the accurate calculation and application of carbon footprint in China's energy and chemical industrial chain.

The Energy and Chemical Industry Chain Carbon Footprint Alliance, jointly established by eight domestic energy behemoths, including China National Petroleum Corp, China National Offshore Oil Corp and China Petroleum and Chemical Corp, aims to establish an initial carbon footprint management system and carbon footprint accounting standards by 2027 to support the industry in reducing carbon emissions.

Carbon footprint is an indicator used to measure the amount of carbon dioxide emissions directly or indirectly caused by an individual, organization, product, or country over a certain period of time.

In recent years, some countries have gradually established systems for carbon footprint accounting, evaluation, and certification for key products.