To solve the climate problem, we must start with the emission source -
the world needs more "green transformation companies"
reporter Zhu Lin
What kind of companies does the world need to solve climate change?
The viewpoint put forward by bp Group (British Petroleum) is that the world not only needs more green, zero-carbon green companies, but also more "green transformation companies".
"Green transition companies" are companies that emit high emissions today, but have a commitment to reducing carbon emissions in the future.
They have the scale, resources and practical options to transform.
The outbreak of the new crown pneumonia epidemic and its continued spread around the world have led to a global economic recession, and its impact on climate action has also been more extensive. The low-carbon transformation of the economy is particularly urgent.
Solving the climate problem must start with the source of the emissions.
The three industries of energy, road transportation and heavy industry account for about 70% of the total global carbon emissions.
Therefore, the world needs more "green companies" such as solar photovoltaic, wind power and battery companies.
But in fact, there are very few such companies.
Moreover, given the extremely limited global carbon budget, it is impossible to quickly build or add enough green companies within the Paris Agreement time frame.
"This means that the industry must transform." bp Group believes that the speed of "green transformation companies" to achieve transformation may not be consistent, but the direction of their efforts is consistent, and they will make practical, meaningful and sustainable contributions to global carbon reduction.
Establishing a "green transformation company" is an important solution for achieving global sustainable development.
"The world needs more green transformation companies to achieve emission reduction targets. These companies need to have the willingness to transform, and at the same time they need to have the ability to transform." In the view of bp Group, companies that intend to transform can not only formulate clear and feasible net zero In addition to the transformation plan and the formulation of medium and long-term carbon reduction goals, it is necessary to ensure that the goals are open and transparent, and at the same time establish relevant review and monitoring mechanisms.
"For rapidly transforming companies, policy support including carbon pricing, infrastructure investment, etc. is necessary. Correspondingly, they need to be more transparent about their plans and actions in the process of achieving their goals." bp Group CEO Bernard Looney said.
The carbon neutrality target has the most direct impact on energy companies, especially traditional energy companies.
From the perspective of global energy development trends, all countries are facing the dual challenges of needing more energy and continuing to reduce emissions.
Reflected in the business transformation of energy companies, companies should vigorously develop low-carbon energy in order to replace traditional fossil energy.
In order to realize the company's diversification and low-carbon development, the path and goal of bp's green transformation have been clear: by 2025, the company's investment in low-carbon business will reach 8 times that of 2019.
10-fold by 2030, or about $5 billion in low-carbon investments per year.
At the same time, it plans to reduce oil and gas production by 40% by 2030.
First, incentives should be developed, laws and regulations should be improved to ensure that low-carbon options are easier and more cost-effective, which is a prerequisite for companies to accelerate their progress, the bp group proposes.
Secondly, more investment is needed on the way forward, and more investors are expected to put forward suggestions for improvement of the company.
Third, if there are partners from different countries and regions around the world who are willing to conduct cross-industry and cross-field exchanges together, the pace of progress will become faster.
"The participation of more people of insight around the world is bound to help the rapid development of green transformation companies." Lu Bona said.
Our reporter Zhu Lin
Our reporter Zhu Lin