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

XI’AN, China, November 17, 2022 /PRNewswire/ — The 27th United Nations Conference on Climate Change (COP27) held in Sharm EI Sheikh, a coastal city i Egyptfrom 6 to 18 November amid significant global attention. Li Wenxue, Vice President of LONGi, almost attended a side meeting that had a theme “Green Finance and China’s Industry Adapting to Climate Change” on 12 November and the release of the 2n.d White Paper on Climate Action for the world.

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

“Climate change is a common challenge, and it concerns the sustainable development of all humanity,” Li Wenxue said in his speech, adding that the current situation of global climate change has changed from a future challenge to an immediate crisis. According to the report of the Intergovernmental Panel on Climate Change (IPCC), in order to achieve the goal of limiting global warming to 1.5 degrees Celsius, global greenhouse gas emissions must reach a peak in 2025 and be reduced by almost half in 2030. There are urgent actions. 1083/2006 from the Council to prevent the serious climate consequences caused by global warming by promoting a low-carbon green transition through aggressive emission reduction measures.

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

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

Li Wenxue emphasized that in the face of the crisis caused by climate change, replacing traditional energy with renewable energy is a crucial step in the green and low-carbon transformation.

According to projections, by 2030, new annual installed photovoltaic capacity worldwide will need to reach 1,500-2,000GW to effectively support the global energy transformation, laying the foundation for global net zero emissions to reach, which will be 10 times the new installed capacity of global photovoltaics in 2021.

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

As a world-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, firmly pursuing the innovative “Green Electricity + Green Hydrogen” solution. LONGi is always committed to being an advocate, practitioner and leader of sustainable development in the field of global clean energy, positively contributing to global green low carbon development and achieving a zero carbon future.

2 is the report issued by LONGin.d White Paper on Climate Action since the company participated in the United Nations Climate Conference last year. In 2021, LONGi established a greenhouse gas emission accounting system covering the company’s entire value chain (Scope I, II and III). It actively implemented RE100 and used 3,096 million kWh of green power during the year, which means more than 40.19% of the total power consumption, which is equivalent to 1.68 million tons of carbon dioxide emissions avoidance, including more than 160,000 tonnes 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. Greenhouse gas emissions per unit in 2021 are 20.7% lower than those in 2020, laying the groundwork for capacity growth and the gradual decoupling of carbon emissions. The report is reported to have received technical support from The Carbon Trustan independent international consulting agency, and comprehensively demonstrated LONGi’s firm commitment and practical action as a leading enterprise in the photovoltaic industry in dealing with global climate change.

When it comes to implementing corporate climate action, LONGi’s management and community employees are both ambitious and pragmatic. In 2018, LONGi took the lead in proposing the concept of “Solar for Solar” at the 24th United Nations Climate Change Conference. In 2020, LONGi became the only Chinese enterprise to join the four climate initiatives, namely, RE100, EP100, EV100 and SBTi at the same time. In 2021, LONGi started the construction of the first “Zero Carbon Factory” in the photovoltaic industry and established its hydrogen energy equipment manufacturing division. In 2022, LONGi released the “Green Supply Chain Partner Empowerment Plan”, actively responding to the needs of the national “Double Carbon” goals, and working with partners to continue to promote the goal of energy conservation and emissions reduction.

Over the past year, LONGi has consistently promoted climate action, established a greenhouse gas emission accounting system covering the company’s entire value chain (Area I, II and III) and accelerated the construction of a sustainable development and ESG management system , which is actively used high. the proportion of green power, continuous improvement in energy efficiency, reduction in carbon emission intensity in products, and laid a strong foundation for the gradual decoupling of capacity growth and carbon emissions.

Currently, the world is facing numerous challenges such as geopolitical conflicts, the COVID-19 pandemic and instability in the supply chain. Although some countries have abandoned their climate change policies, China Tackling climate change is always of great importance and he has followed the path of green development without stopping.

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

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

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

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

As a leading global solar technology company, LONGi, together with Vanke Foundation and China Corporate Climate Action (CCCA), launched an enterprise-themed exhibition hall in the Green Belt of COP27 conference and demonstrated the latest generation of Hi-MO 6 series modules.

About LONGi

Founded in 2000, LONGi is committed to becoming the world’s largest solar technology company, focusing on customer-driven value creation for total energy transformation scenarios.

Under its mission of ‘making the most of solar energy to build a green world’, LONGi has dedicated itself to technological innovation and established five business sectors, covering mono-silicon wafer cells and modules, distributed solar solutions commercial & industrial, green energy solutions and hydrogen equipment. The company has improved its ability to provide green energy and recently, it has also adopted green hydrogen products and solutions to support global zero carbon development. www.longi.com

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

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

SOURCE LONGi Green Energy Technology Co., Ltd.

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