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LONGi displays latest Hi-MO 6 series modules at COP27, releases 2nd White Paper on Climate Action

ChinaNewsPublished: 2022-11-17 12:45:34

The 27th Conference of the Parties of the UNFCCC (COP27) was held in Sharm EI Sheikh, a coastal city in Egypt, from November 6 to 18 amid significant global attention. Li Wenxue, Vice President of LONGi, virtually attended a sideline meeting themed “Green Finance and Chinese Industries Tackling Climate Change” on November 12 and released the 2nd White Paper on Climate Action to the world.

LONGi displays latest Hi-MO 6 series modules at COP27, releases 2nd White Paper on Climate Action

“Climate change is a common challenge, and it is related to the sustainable development of all humankind,” Li Wenxue said in his speech, adding that the current state of global climate change has changed from a future challenge to an immediate crisis. According to the Intergovernmental Panel on Climate Change (IPCC) report, in order to achieve the goal of limiting global warming to 1.5 degrees Celsius, global greenhouse gas emissions need to reach a peak in 2025 and reduce by nearly half in 2030. Urgent actions are required to prevent the severe climate impacts caused by global warming by promoting a green, low-carbon transition through aggressive emission reduction measures.

LONGi displays latest Hi-MO 6 series modules at COP27, releases 2nd White Paper on Climate Action

Li Wenxue stressed that in the face of the crisis brought about by climate change, replacing traditional energy with renewable energy is a key step in the green and low-carbon transformation.

As per predictions, by 2030, the annual new photovoltaic installed capacity in the world will need to reach 1,500-2,000GW to form an effective support for the global energy transformation, thus laying the foundation for achieving global net zero emissions, which will be 10 times the new installed capacity of global photovoltaic in 2021.

The green low carbon transformation will create a huge green market, which will serve as a fresh impetus for green development.

As a globally leading energy technology company, LONGi firmly believes that technological innovation can help humankind achieve carbon neutrality at a rapidly declining cost.

Since 2021, LONGi has broken the world record for the conversion efficiency of photovoltaic cells for 11 consecutive times, while firmly pursuing the innovative solution of “Green electricity +Green hydrogen”. LONGi is always committed to becoming an advocate, practitioner and leader of sustainable development in the field of global clean energy, making positive contributions to global green low-carbon development and realizing a zero-carbon future.

The report released by LONGi is the 2nd White Paper on Climate Action since the company’s participation in the United Nations Climate Conference last year. In 2021, LONGi established a greenhouse gas emission accounting system covering the entire value chain of the company (Scope I, II and III). It has actively implemented RE100 and used 3,096 million kWh of green power throughout the year, accounting for more than 40.19% of total power consumption, which is equivalent to dodging 1.68 million tons of carbon dioxide emissions, including more than 160,000 tons of emission reductions through energy conservation and consumption reduction.

While LONGi continues to meet the rapidly increasing global demand for photovoltaic capacity, its carbon emission intensity has been further reduced. The greenhouse gas emissions per unit revenue in 2021 are 20.7% lower than those in 2020, laying the foundation for the gradual decoupling of capacity growth and carbon emissions. It is reported that the report received technical support from The Carbon Trust, an international independent consulting agency, and comprehensively demonstrated the firm commitment and practical action of LONGi as a leading enterprise in the photovoltaic industry in dealing with global climate change.

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