Episode 16: Can carbon neutrality be achieved on time?

Can carbon neutrality be achieved on time?

In this episode, our host Carl Hayward, general manager of European Chamber Beijing Office, is joined by Jet Chang, vice chair of the European Chamber’s Environment Working Group, vice president for Circular Economy Business Development, Tomra Group; Dr Bradley Morrison, senior vice president, Operations and Site Management Greater China, BASF; and Cui Lin, Sustainability and Environment National Representative, Airbus, to discuss decarbonisation strategies and the challenges that lie ahead on the path towards carbon neutrality.

What to listen for:

  • 1:45 What are the key drivers for your company to decarbonise its operations?
  • 5:56 How significant a role does access to green energy play in your company’s decarbonisation plan?
  • 8:41 What are direct power purchase (DPP) agreements and their advantages?
  • 10:25 What is a green circular economy?
  • 14:43 Why is it so important for the aviation industry to pursue decarbonisation?
  • 16:26 When can your company achieve carbon neutrality?
  • 17:40 What can the chemical industry do to achieve net-zero?
  • 21:25 What are the main challenges of recycling? What can companies do to recycle? What is the best way to raise public awareness of recycling?
  • 26:57 What are the main challenges associated with the development of sustainable air travel? By when do you envisage the first zero-emission aircraft to be in our skies?
  • 30:28 What do you feel is China’s most significant barrier to achieving carbon neutrality by 2060?
  • 34:52 Speaking on behalf of your respective industries, what gives you the most hope that China can achieve carbon neutrality?

Technical terms:

  • Carbon neutrality: the point at which net zero CO2 emissions has been achieved, i.e., a balance between carbon emitted and carbon absorbed
  • Net-zero: a state in which the greenhouse gases going into the atmosphere are balanced by removal out of the atmosphere
  • ESG: environment, social and governance, which refers to the three central factors in measuring the sustainability and societal impact of an organisation
  • ICAO: International Civil Aviation Organization
  • Scope 1 reduction: reduction of direct emissions from sources that are owned or controlled by a company or organisation.
  • Scope 2 reduction: reduction of indirect emissions from the generation of electricity that a company or organisation has purchased.
  • R-DPP: renewable direct power purchase
  • Greenwashing: the practice of companies using advertising and branding to portray a false image of being environmentally responsible

Notes:

  • Download Carbon Neutrality: The Role of European Business in China’s Race to 2060 report here.
  • Download EURObiz May/June 2022 issue on carbon neutrality here.
  • Read EURObiz articles online: eurobiz.com.cn

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