Why China Now?

China is quickly emerging as a global leader in combating climate change. For multinationals with significant operational and supply chain footprint in this country, clean energy is no longer optional, it is a must.

Volume

  • Large energy footprint—must address China to meet global goals
  • Increasing pressure from consumers and governments to be powered by RE

Impact

  • China electricity 50% more CO2 intensive than in U.S. and EU
  • Approximately 65% of electricity in China comes from coal

New Solutions

  • Power sector reform enabling new sustainable energy solutions
  • Renewable energy is now becoming a financial benefit and not a cost

Corporate RE Commitments in China Increasing

100 companies have made a commitment to go ‘RE100’ globally.

Apple

  • To install 200MW solar in the northern, eastern and southern regions.
  • Investment in four wind projects by Goldwind in four provinces.
  • Partner with suppliers to install more than 2 GW of new clean energy.

H&M

  • Climate positive by 2040
  • Climate neutral supply chain (Tier 1 and Tier 2) by 2030 – most strategic suppliers in China, India and Bangladesh

Walmart

  • “Project Gigaton”: suppliers to reduce greenhouse gas emissions by one gigaton
  • 50% powered by clean and renewable energy sources by 2025

Common RE Procurement Options and Availability in China

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