By: ICN Bureau
Last updated : August 04, 2024 9:43 pm
The initiative, spearheaded by eight leading Chinese companies in the energy and chemical sectors, including Sinopec, CNPC, and CNOOC, will see the alliance members jointly establish a carbon footprint management system
China Petroleum & Chemical Corporation (Sinopec) has announced the inauguration of the Energy and Chemical Industry Chain Carbon Footprint Alliance in Beijing, China.
The initiative, spearheaded by eight leading Chinese companies in the energy and chemical sectors, including Sinopec, CNPC, and CNOOC, will see the alliance members jointly establish a carbon footprint management system with an improved carbon footprint calculation mechanism by 2027, empowering the sectors and China to accelerate the drive toward a low-carbon future.
The alliance issued a declaration for its missions, committing to creating a high-quality, open platform for sharing technical expertise and cooperation. The members are poised to establish a product carbon footprint management system and develop carbon footprint accounting standards for 20 key products by 2027, alongside a localized product carbon footprint factor database, fostering international exchange and mutual standard recognition to strengthen global climate governance.
A carbon footprint is the total greenhouse gas emissions generated directly and indirectly by an individual, organization, product, or state over a period.
Highlighting Sinopec's green strategy and its contributions to global low-carbon development targets in recent years, Wan Tao, Deputy General Manager of Sinopec, noted that the company promotes the development of clean fossil fuels while expanding renewable energy use and carbon reduction in manufacturing processes. Together with alliance members, Sinopec aims to enhance collaboration, share information, and consolidate resources to establish a carbon footprint management system, steering the industry toward green and low-carbon development, he added.