Latest news with #zerocarbon
South China Morning Post
3 days ago
- Business
- South China Morning Post
Hong Kong to impose new emission caps on local power plants from 2030
Hong Kong environmental authorities will impose new emission caps on power plants from 2030 in a bid to further improve local air quality, with a major electricity firm pledging to import more zero-carbon energy from mainland China. Advertisement The Environment and Ecology Bureau said on Friday that it would further cut the electricity sector's annual emission allowances for sulphur dioxide, nitrogen oxides and respirable suspended particulates (RSPs). In five years, the allowances would be reduced by 19 per cent, 25 per cent and 14 per cent, respectively, it said. The reductions will translate into 2,302 tonnes of sulphur dioxide, 8,350 tonnes of nitrogen oxides and 317 tonnes of RSPs, according to the 10th Technical Memorandum for the Allocation of Emission Allowances, which outlines the emission caps. CLP's Black Point gas-fired power station in the New Territories. Photo: Martin Chan The bureau said the new caps were decided after considering factors such as the local electricity demand, the gas-fired electricity generation of the city's two main power companies, the emission performance of existing generating units, the estimated import amount for nuclear power and clean energy, and the projected electricity intake from renewable energy sources. Advertisement The city's two main suppliers are HK Electric, which provides power to Hong Kong Island, and CLP Power, which covers Kowloon and the New Territories.
South China Morning Post
20-05-2025
- Automotive
- South China Morning Post
CATL's EV battery plants to become carbon neutral this year, founder says
Contemporary Amperex Technology (CATL), the world's largest electric vehicle (EV) battery maker, expects to become carbon neutral this year, burnishing its image as a leading developer of zero-carbon solutions. 'This year, all CATL battery factories will achieve carbon neutrality,' Robin Zeng Yuqun, the firm's billionaire founder and chairman, said before the company's debut on the Hong Kong stock exchange on Tuesday. 'This listing signifies our deeper integration into the global capital markets and marks a new milestone in our mission to drive the global zero-carbon economy.' He said the company would offer its technologies and solutions to its partners globally to promote the transition of conventional sectors like steel, cement and chemicals to clean energy. CATL announced in April 2023 its plan to achieve carbon neutrality in its core operations by 2025 and across the battery value chain by 2035. The company's Zhaoqing plant was the first to be certified as a zero-carbon factory in 2022. It has since achieved this status across a total of four factories. The company's overall carbon emissions fell 34 per cent year on year to 2.1 million tons in 2023, according to its ESG report released in September. Robin Zeng Yuqun, CATL's founder and chairman, at the company's listing ceremony in Hong Kong on Tuesday. Photo: Sun Yeung The company, based in Ningde, in east China's Fujian province, has been aggressively diversifying into a wide range of businesses beyond EV battery production.
South China Morning Post
20-05-2025
- Automotive
- South China Morning Post
CATL's EV battery plants to become carbon neutral this year, CEO Zeng says
Contemporary Amperex Technology (CATL), the world's largest electric vehicle (EV) battery maker, expects to become carbon neutral this year, burnishing its image as a leading developer of zero-carbon solutions. Advertisement 'This year, all CATL battery factories will achieve carbon neutrality,' Robin Zeng Yuqun, founder and chairman, said before the company's debut on the Hong Kong stock exchange on Tuesday. 'This listing signifies our deeper integration into the global capital markets and marks a new milestone in our mission to drive the global zero-carbon economy.' He said the company would offer its technologies and solutions to its partners globally to promote the transition of conventional sectors like steel, cement and chemicals to clean energy. CATL announced in April 2023 its plan to achieve carbon neutrality in its core operations by 2025 and across the battery value chain by 2035. The company's Zhaoqing plant was the first to be certified as a zero-carbon factory in 2022. It has since achieved this status across a total of four factories. The company's overall carbon emissions fell 34 per cent year on year to 2.1 million tons in 2023, according to its ESG report released in September. Robin Zeng Yuqun, CATL's founder and chairman, at the company's listing ceremony in Hong Kong on Tuesday. Photo: Sun Yeung The company, based in Ningde, in east China's Fujian province, has been aggressively diversifying into a wide range of businesses beyond EV battery production. Advertisement
