LONGi Showcases Latest Hi-MO 6 Series Modules At COP27 And Publishes Second White Paper On Climate Action

XIAN, China, November 16, 2022 /PRNewswire/ — The 27th United Nations Climate Change Conference (COP27) was held in Sharm EI Sheikh, a coastal city Egyptfrom November 6 to 18 amid significant global attention. Li Wenxue, vice president of LONGi, attended a theme meeting virtually “Green finance and Chinese industries tackle climate change” On November 12 and released the 2nd White paper on climate action for the world.

“Climate change is a common challenge and is related to the sustainable development of all mankind,” Li Wenxue said in his speech, adding that the current state of global climate change has turned from a future challenge to an immediate crisis. According to the Intergovernmental Panel on Climate Change (IPCC) report, to meet the goal of limiting global warming to 1.5 degrees Celsius, global greenhouse gas emissions must peak in 2025 and decrease by nearly decrease by half. needed to prevent the serious climate impacts of global warming by promoting a green, low-carbon transition through aggressive emission reduction measures.

Li Wenxue stressed that replacing traditional energy with renewable energy is an important step in the green and low-carbon transformation in view of the crisis caused by climate change.

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

The green, low-carbon transformation will create a huge green market, which will give new impetus to green development.

As the world’s leading energy technology company, LONGi firmly believes that technological innovation can help humanity achieve carbon neutrality at a rapidly decreasing cost.

Since 2021, LONGi has broken the world record for photovoltaic cell conversion efficiency for 11 consecutive times, while resolutely pursuing the innovative solution of “Green Electricity + Green Hydrogen”. LONGi is always committed to becoming an advocate, practitioner and leader of sustainable development in global clean energy, making a positive contribution to global green low-carbon development and achieving a carbon-free 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 has established a greenhouse gas emissions accounting system that covers the entire value chain of the company (Scope I, II and III). It has actively implemented RE100 and uses 3,096 million kWh of green power throughout the year, accounting for more than 40.19% of total power consumption, equivalent to avoiding 1.68 million tons of carbon dioxide emissions, including more than 160,000 tons emission reductions through energy saving and consumption reduction.

As LONGi continues to meet the rapidly increasing global demand for photovoltaic capacity, the intensity of carbon emissions has been further reduced. Greenhouse gas emissions per unit of revenue in 2021 are 20.7% lower than in 2020, laying the foundation for the gradual decoupling of capacity growth from CO2 emissions. The report reportedly received technical support from The Carbon Trustan international independent consultancy, and extensively demonstrated LONGi’s determined commitment and practical action as a leading photovoltaic industry company in dealing with global climate change.

When it comes to implementing climate action by companies, both management and grassroots staff at LONGi are ambitious and pragmatic. In 2018, LONGi took the lead in proposing the “Solar for Solar” concept at the 24th United Nations Climate Change Conference. In 2020, LONGi became the only Chinese company to simultaneously participate in the four climate initiatives, namely RE100, EP100, EV100 and SBTi. In 2021, LONGi started construction of the photovoltaic industry’s first “Zero Carbon Factory” and established its hydrogen energy equipment manufacturing division. In 2022, LONGi released the “Supply Chain Green Partner Empowerment Plan”, actively responding to the requirements of the national “Double Carbon” targets, and working with partners to continue promoting the goal of energy conservation and emission reduction.

Over the past year, LONGi has steadily promoted climate action, established a greenhouse gas emissions accounting system that spans the entire value chain of the company (Scope I, II and III) and accelerated the building of a system for sustainable development and ESG management. share of green electricity, continuously improved energy efficiency, reduced carbon emission intensity in products, and laid a solid foundation for achieving a gradual decoupling of capacity growth and carbon emissions.

At present, the world is facing multiple challenges such as geopolitical conflicts, the COVID-19 pandemic and supply chain instability. Although some countries have deviated from their climate policies, China has continued to attach great importance to tackling climate change and has unfalteringly followed the path of green development.

LONGi also firmly believes that tackling climate change and achieving net zero emissions is a global consensus, and is ready to work with partners on all sides to take joint action to drive clean energy and low carbon transformation. accelerate green development.We will actively contribute to the innovation of green energy technology enterprises, and help China and the world moving towards a carbon-free future,” Li Wenxue said in his speech.

The United Nations Global Compact (UNGC), the Energy Transformation Commission (ETC), the China New Energy Chamber of Commerce (CNECC), the World Business Council for Sustainable Development (WBCSD) and other international organizations, as well as some representatives of LONGi’s partners and customers participated and supported the release of LONGi’s 2022 White Paper on Climate Action.

As the world’s leading solar technology company, LONGi, together with the Vanke Foundation and China Corporate Climate Action (CCCA), launched a corporate-themed exhibition space in the green zone of the COP27 conference and showcased the latest generation of Hi-MO 6 Series modules.

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company focused on customer-driven value creation for full-scale energy transformation.

Under its mission to “bring the best out of solar energy to build a green world,” LONGi has been committed to technology innovation and established five business sectors, including monosilicon wafer cells and modules, commercial and industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to deliver green energy and more recently has also embraced green hydrogen products and solutions to support global carbon-free development. www.longi.com

(PRNewsfoto/LONGi Green Energy Technology Co., Ltd)

(PRNewsfoto/LONGi Green Energy Technology Co., Ltd)

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SOURCE LONGi Green Energy Technology Co., Ltd.

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