Press releases

WWF: Companies key to reduce China’s GHG emissions

Published: 17/02/2015

Beijing, China, 17 February 2015 – Chinese companies will need to reduce direct greenhouse gas (GHG) emissions of their operations by up to 2.7 percent a year if China is to stay on track with the level of action required to keep global warming well below 2 degrees celsius. The electricity sector will need to show a decline of about 8 percent a year, according to a new report released by WWF-China and Ecofys.

The report, ‘It’s Time to Peak’, aims to show how Chinese companies can develop meaningful emission reduction targets that are science-based, technologically possible and in line with a global 2 degree scenario.

China surpassed the US as the world’s largest GHG emitter and is responsible for roughly a quarter of the global emissions. Building on existing scenarios for China, the study shows that China should peak its emissions sooner rather than later in order to achieve the deep GHG emission reductions required in the rest of the century.

The corporate sector is key in achieving this, since they are key emitters of GHG, and provide the low carbon solutions needed, says Sze Ping Lo, WWF-China CEO.

“We see increasing evidence that companies are actually better off with many low carbon investments resulting in high returns. This report includes case studies from leading Chinese firms such as VANKE, YINGLI etc who have already embraced ambitious GHG reduction targets. It takes into account that companies differ from each other in many ways, and builds on similar initiatives worldwide,” says Sze Ping Lo.

“The targets presented in the study are founded on a thorough analysis of existing scenarios for China” Maarten Neelis, leading author of the report and Regional Manager for Ecofys in China explains. “We show that a combination of management and behavioral changes, energy efficiency, increased use of low carbon energy and other resources can bring China on a 2 degrees pathway”, he adds.

“We trust that this report will inspire companies in China to seize the opportunities behind a low carbon transition and to take ambitious actions in line with the goal of peaking GHG emissions in coming years”, Samantha Smith, leader of Global Climate & Energy Initiative of WWF international.

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Notes for Editors:

  1. The targets presented in the report are based on a thorough analysis of existing scenarios for China, and are all technologically feasible.
  2. The report shows that with a combination of management and behavioral changes, energy efficiency, increased use of low carbon energy and other resources can bring China on a 2 degrees pathway.

 

Ecofys – Experts in Energy
Established in 1984 with the mission of achieving “sustainable energy for everyone”, Ecofys has become the leading expert in renewable energy, energy & carbon efficiency, energy systems & markets as well as energy & climate policy. The unique synergy between those areas of expertise is the key to its success. Ecofys creates smart, effective, practical and sustainable solutions for and with public and corporate clients all over the world. With offices in Belgium, the Netherlands, Germany, the United Kingdom, China and the US, Ecofys employs over 250 experts dedicated to solving energy and climate challenges.    
(www.ecofys.com)

For further information, please contact:
Yvonne Offermann
Press Office
Ecofys
Am Wassermann 36
50829 Cologne, Germany
T: +31 (0)30 662-3402
E: press@ecofys.com

WWF China   
Established in 1961, WWF is one of the largest and most experienced independent conservation organisations in the world, with more than 5 million supporters and a global network active in more than 100 countries. WWF’s mission is to stop the degradation of the planet’s natural environment and to build a future in which humans live in harmony with nature, by conserving the world’s biological diversity, ensuring that the use of renewable natural resources is sustainable, and promoting the reduction of pollution and wasteful consumption. For more information, please visit www.wwfchina.org

For further information, please contact:
Xin Chen
Climate Savers programmer manager, WWF China
Room 1609 Wen Hua Gong
Beijing Working People’s Culture Palace
(Laodong Renmin Wenhuagong Dongmen)
Post code: 100006
T: 010-65116271
E: XCHEN@WWFCHINA.ORG