State-owned enterprises (SOEs)—companies for which 50 percent or more of voting shares are held by a government—play a major role in many of the world’s largest economies, particularly in electricity generation, oil and gas, and heavy industry. SOEs emit at least 7.49 gigatons of carbon dioxide equivalent every year, more than any country except China. Despite this, there has been limited discussion of the critical role SOEs will need to play to advance climate action. These emissions are concentrated in a relatively small number of large emitting companies. Additionally, state ownership of these companies gives governments direct control over their climate and energy outcomes compared to privately owned companies.
Click here for original story, Report: Greenhouse gas emissions from government-owned companies
Source: Phys.org