Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Companies

    MNCs see huge growth opportunities from changing energy patterns

    By SHI JING in Shanghai | China Daily | Updated: 2021-04-28 09:40
    Share
    Share - WeChat
    Visitors pass the Hitachi ABB power grid booth at the third China International Import Expo in Shanghai on Nov 6. [Provided to China Daily]

    China's aim to achieve carbon neutrality by 2060 will create the most market opportunities for those multinational companies that adjust to fit into the country's low carbon energy structure.

    Total China Country Chair William Zhao said China is sure to be less reliant on coal and increase the weighting of natural gas and other renewable energies in its power structure. Given China's rising investment in wind and photovoltaic power generation, it has already teamed up with Shanghai-based Envision Group in mid-2019 to tap into the distributed photovoltaic market in the country. In late 2020, Total's wholly owned subsidiary Saft opened a new manufacturing hub for energy storage solutions in Zhuhai, Guangdong province, which will support the transition to renewable energy.

    "While China is advancing its transformation in energy consumption, Total will accelerate the exploration of the Chinese market and get more deeply rooted by working more closely with our Chinese partners," he said.

    Metals and mining corporation Rio Tinto announced in late 2020 a partnership with China Baowu Steel Group and Tsinghua University to try out new techniques and lower carbon emissions in the steel industry. It will also invest $10 million in the next two years to conduct research into low-carbon iron-making with Baowu.

    According to Peter Toth, group executive of strategy and development at Rio Tinto, global cooperation will best address the challenges created by climate change. China's carbon neutrality process will help the world to realize carbon emissions goals, resulting in changes in demand for commodities, driving the development and application of new technologies and creating more cooperation opportunities, Toth said.

    Coating giant Nippon Paint has made great efforts to build green factories across China, which feature efficient use of land, more environmentally friendly raw materials, clean production, waste recycling and low carbon emissions. The company has so far set up such green factories in Xianning, Hubei province, Qingyuan, Guangdong province, Changsha, Hunan province, Shijiazhuang, Hebei province and Quanzhou, Fujian province. By the end of last year, three of its plants were included on the green manufacturing list compiled by the Ministry of Industry and Information Technology as national-level green factories.

    Xing Ronghua, president of the production and supply chain division for trade unit at Nippon Paint China, explained, a comprehensive production and supply mapping can help facilities nationwide use raw materials more efficiently and shorten transportation distances, which in turn can reduce carbon emissions throughout production and delivery. By applying a smart manufacturing system, energy management can be seamlessly connected to production procedures so that carbon emissions are reduced.

    "Together with our parent company Nipsea Group, we will continue to promote green and eco-friendly ideas and practices as long-term and sustained development is the ground rule that Nippon Paint China has adhered to," Xing said.

    The facility built by L'Oreal in Yichang, Hubei province, realized zero net carbon emissions in September 2015. The plant started to recycle water for production purposes in October last year. The factory can help save 16,000 tons of tap water annually-an amount equal to the water used by 93 families in 12 months.

    As early as June 2019, the French cosmetics giant announced that it had achieved carbon neutrality in China. According to L'Oreal China Vice-President Lan Zhenzhen, the company had broken down the goal into quantifiable gauges and rebuilt the work patterns to lower environmental impact throughout the entire value chain.

    A special sustainable development team has been set up to make short to midterm plans and release to the public any updates.

    Suppliers are also included in L'Oreal's sustained development path in China, Lan said. Third-party platforms are involved to provide evaluation and training for suppliers to help lower negative impact on the society or the environment. Consumer education is carried out so that consumers, especially the younger generations, can consume in more responsible ways and lead more sustainable lifestyles.

    "Our fiscal results in China over the past decade show that business growth can go hand in hand with sustainable growth targets," she said.

    Yvonne Zhou, managing director of global consulting firm BCG, said that China's carbon neutrality goal may lead to a large number of opportunities for companies. On the one hand, they should find where their own carbon emissions lie and make efforts to go greener.

    On the other, they should look into their respective industries. The construction industry for example has become more industrialized, digitalized and greener. Instead of aiming for growing bigger in scale, a construction company operating in China should focus more on reducing waste, using low-carbon materials and developing new business models.

    "Apart from allowing business to grow, companies should think outside the box and experiment with new models," she said.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    最新中文字幕av无码专区 | 亚洲中文字幕无码爆乳AV| 老子午夜精品无码| 中文字幕乱码无码人妻系列蜜桃| 亚洲av日韩av高潮潮喷无码| 久久精品?ⅴ无码中文字幕| 人妻少妇精品无码专区动漫| 无码专区中文字幕无码| 中文字幕视频在线免费观看| 五月天中文字幕mv在线| 蜜臀av无码人妻精品| 特级无码毛片免费视频尤物 | 日韩AV无码一区二区三区不卡毛片| 无码任你躁久久久久久老妇| 久久久久久久久无码精品亚洲日韩 | 亚洲乱码中文字幕综合| 国产无码区| 东京热无码av一区二区| 亚洲VA成无码人在线观看天堂 | 久久久无码精品亚洲日韩京东传媒| 人妻丰满av无码中文字幕| A∨变态另类天堂无码专区| 无码精品一区二区三区在线 | 亚洲av无码不卡一区二区三区| 亚洲AV中文无码乱人伦在线视色| 人妻无码中文久久久久专区| 久久精品中文字幕一区| 亚洲成?v人片天堂网无码| 久久精品无码专区免费| 国产精品无码久久久久| 国产Av激情久久无码天堂| JLZZJLZZ亚洲乱熟无码| 69久久精品无码一区二区 | 蜜臀精品无码AV在线播放| 成在人线AV无码免观看麻豆| 69久久精品无码一区二区| 久久中文精品无码中文字幕| 人妻丰满熟妇A v无码区不卡 | 久久婷婷综合中文字幕| 一区二区三区观看免费中文视频在线播放 | 中文字幕久久精品|