Big Chinese Companies Join Climate Group

The Guardian is reporting that one of China’s largest , , 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 and many businesses have set targets to reduce used and increase . However the three 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, information on emissions, and supporting international climate change 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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