Alibaba has made a commitment to achieve carbon neutrality by 2030 for its direct and indirect emissions, as well as reducing carbon intensity from its wider value chain by 50% by 2030. Additionally, the company 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. CEO Daniel Zhang also emphasized the importance of encouraging actions and behavioral changes among consumers, merchants, and partners globally. President Xi Jinping announced last year that China intends to achieve carbon neutrality by approximately 2060. This has prompted the country's large corporations to develop their own strategies to reach "net zero". However, many of China's tech giants still heavily rely on the coal-driven energy system in the country, with only a few committing to transitioning to renewable energy sources. According to a report by Greenpeace earlier this year, Tencent Holdings was ranked as the top-performing Chinese cloud service provider in terms of obtaining renewable energy and reducing emissions, followed by Huawei Technologies, Baidu Inc, and Alibaba.