Decarbonisation
China is actively promoting a clean energy strategy to lower the carbon intensity of power generation. CLP, as the largest external investor in the power industry, has a wealth of experience in developing and operating clean energy projects. In 2004, renewables made up less than 1% of our total generation capacity in Mainland China, but the percentage has rapidly increased since, to 26% in 2019.
We will continuously seek opportunities to develop other renewable investments in support of the government’s plan to increase the proportion of renewables in primary energy consumption to 20% by 2030. “Climate Vision 2050”, released by CLP, sets the direction for a low-carbon future and is aligned with Mainland China’s decarbonisation strategy.
CLP will further continue to employ the most efficient generation technologies and well-developed environment management practices to support the decarbonisation targets set out by the government. This multi-pronged approach enables us to meet power requirements in Mainland China and provide momentum for sustainable growth, thereby addressing investor and stakeholder expectations.
Advanced Coal-fired Technology
CLP needs to strike a delicate balance between our principles of long-term sustainability while supplying cost-effective power to the public in an era when coal is still the mainstream fuel for power generation. Coal-fired power is affordable due to ample fuel supply and well-established power generation technologies.
While CLP moves towards completely replacing coal, we will operate coal-fired plants in the most environmental. friendly way possible, with the latest and most efficient technologies.
Renewable Energy
Renewable energy forms an indispensable part of government policies and measures in response to climate change. The Chinese government plans to increase the proportion of renewable energy as part of all primary energy consumption to 20% by 2030. CLP has a wealth of experience in the development and operation of renewable energy projects in the Asia-Pacific region and is in pole position to capitalise on the opportunities that have arisen from the new policies.