CNPC roadmap for green and low-carbon development

We attach great importance to the transition to a green and low-carbon development model and formulate the roadmap in alignment with the "3060" goal. We have initially established a three-step strategy, i.e. "clean alternative, strategic replacement and green development", in a bid to achieve carbon peak by 2025 and "near zero" emissions around 2050 through the following three main measures:

• The advantage of natural gas as a green and low-carbon energy is given full play as we vigorously boost gas output and aim to increase the share of natural gas in the our total production to an industry-leading level of approximately 55% by 2025.

• Highlight the essential role of natural gas in the future energy mix, utilize our mineral rights for abundant resources of wind, solar, and geothermal energy and push ahead with the transition to a leading company in broad energy services, i.e. oil, natural gas, geothermal energy, electricity and hydrogen, with integrated development of wind, PV, natural gas and electricity, industrialized application of hydrogen, and scaled development and utilization of geothermal resources.

• Promote the Green Action Plan and bolster efforts in implementing energy-saving, emission-reduction and clean alternative solutions to reduce carbon emissions; use forestry carbon sink and CCUS techniques to facilitate carbon removal; and provide our society with green and zero-carbon energy products.