CLP and climate change

CLP and climate change

13 March, 2011
Recharging the power trade
A roundup on the energy giant’s moves in the climate game
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In addition to operating power systems in HK, CLP’s business spans across Mainland China, India, Australia and Thailand. CLP follows a triple bottom line approach in recognizing the effects in the financial, social and environmental arenas brought on by the business’ policies and actions.

As the power sector has an influential role to play in minimizing impact on the environment, the company has demonstrated its leadership in making a difference, especially regarding climate change. CLP follows the Global Reporting Initiative’s G3 Sustainability Reporting Guidelines in its annual sustainability report. Additionally, CLP has been participating in the Carbon Disclosure Project since its inception.

In December 2007, CLP published “Climate Vision 2050-Our Manifesto on Climate Change” to set targets on carbon emissions intensity reductions and initiatives to reduce the carbon footprint of its operations. The key commitment was to reduce the CO2 intensity of CLP’s generating portfolio from 0.84kg CO2/kWh in 2007 to 0.2kg CO2/kWh by 2050.

CLP is undertaking a number of initiatives targeting climate change mitigation and adaptation specific to the various regions the company operates in, since regulations on the power sector, socio-economic development, and fuel resources vary widely between regions. These initiatives target renewable energy, natural gas, nuclear power, clean coal technology, and energy efficiency and conservation.

Renewable energy represents about 10% of CLP’s generating portfolio, with over 1,300 equity MW of total renewable energy. In Hong Kong, an environmental permit to develop a 200MW offshore wind farm in the southeastern waters has been obtained while in Chinese Mainland and India, CLP is the largest external investor in renewable energy, namely wind, hydro and biomass.

CLP established a new business unit, Carbon Ventures, in June 2008 to focus on opportunities in renewable energy, emissions trading and low carbon technology. As the cleanest fossil fuel for power generation, supplying natural gas is an area CLP is increasing its investments in, especially in HK, where CLP plans to increase the use of natural gas to up to half of the company’s fuel mix. Securing long-term natural gas supplies has translated to completing the second West to East Natural Gas Pipeline from Turkmenistan to Guangdong, new gas wells in the South China Sea and the construction of a new Liquefied Natural Gas receiving terminal in the Pearl River Delta.

Nuclear power is another area CLP is investing in, as noted by the extension through to 2034 of the existing arrangements for the Daya Bay Nuclear Power Station with the support of the HKSAR government and the Central People’s Government. CLP continues to hold 25% stake of the station, and can take up to 70% of the power from Daya Bay. To move from conventional coal-fired generating capacity to cleaner power generating technologies, technologies that increase plant efficiency and lower carbon intensity levels are being integrated into new coal-fired plants.

In the area of energy efficiency and conservation, CLP has done over 800 energy audits for large commercial and industrial customers in HK since 1999 to help companies improve energy efficiency by 20%. Energy efficiency services are also provided by CLP’s TRUenergy business in Australia and a dedicated subsidiary established in Shenzhen for Mainland China.

Aside from being transparent about its social and environmental initiatives, CLP engages its stakeholders in contributing ideas and giving feedback. To keep audiences updated on social and environmental issues, a blog was created by CLP in late 2009. The S.E.E. Change Blog invites CLP staff to offer their perspectives on sustainability issues such as climate change and on CLP’s environmental strategies and initiatives. Tree planting and environmental education are examples of the key community investments the company makes each year. CLP is also active in policy advancement through participation in organizations such as the World Business Council for Sustainable Development.

Image via CLP

By: Ecozine Staff
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