Alibaba has committed to achieving carbon neutrality by 2030 in its direct and indirect emissions. This includes reducing carbon intensity in various areas such as transportation, purchased goods and services, and waste by 50% by 2030. The company also aims to cut overall CO2 emissions by 1.5 gigatonnes by 2035. To reach these targets, Alibaba plans to implement new energy-saving technologies, utilize renewables, and explore carbon removal initiatives. Daniel Zhang, the CEO, emphasized the importance of encouraging actions and behavioral changes among consumers, merchants, and partners globally. President Xi Jinping declared last year that China's goal is to achieve carbon neutrality by around 2060. This has put pressure on the country's large corporations to develop their own plans to reach "net zero". However, many of China's major tech companies still heavily rely on the country's coal-powered energy system, with only a few committed to transitioning to renewable energy sources. According to a report by Greenpeace earlier this year, Tencent Holdings was ranked as the top Chinese cloud service provider in terms of obtaining renewable energy and reducing emissions, followed by Huawei Technologies, Baidu Inc, and Alibaba.