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.
Large energy footprint—must address China to meet global goals
Increasing pressure from consumers and governments to be powered by RE
China electricity 50% more CO2 intensive than in U.S. and EU
Approximately 65% of electricity in China comes from coal
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.
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.
Climate positive by 2040
Climate neutral supply chain (Tier 1 and Tier 2) by 2030 – most strategic suppliers in China, India and Bangladesh
“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