Big Chinese Companies Join Climate Group

The Guardian is reporting that one of China’s largest companies, China Mobile, along with two other smaller companies, is joining the Climate Group, an international agreement to cut greenhouse gases. All together, the group is targeting 20 Chinese companies:

The Chinese government and many businesses have set targets to reduce energy used and increase renewable energy. However the three Climate Group members are said to be the first to make more ambitious commitments to the organisation’s aims, which include significant reductions in greenhouse gas emissions, publishing information on emissions, and supporting international agreements.

China Mobile has agreed, initially, to reduce energy intensity of its $47bn (about £29bn) annual business by 40%, double the national target. This could pave the way for these and other Chinese companies to publish plans to reduce absolute emissions, and to join voluntary carbon trading schemes.

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