China Energy Investment Group (CHN Energy) (国家能源投资集团)

CHN Energy publicly supports China’s climate policy, the pilot ETS. All 20 of its subsidiaries participating in the scheme managed to limit their total emissions to within their allocated allowances.

CHN Energy has a high lock-in ratio, as a major share (76%) of its 2018 generation is from coal-fired plants, and its emissions intensity – that is, the amount of greenhouse gas emissions produced for every unit of electricity – is projected to increase for the foreseeable future. It is essential for the company to set an emissions reduction target if it is to move closer towards its well below 2-degree pathway.

CHN Energy plans to continue expanding its total share of renewables, but this is not guided by a public emissions reduction target or transition plan.

CHN Energy has included further development of more diverse renewables in its corporate strategy. However, no accompanying targets for emissions reduction or renewable expansion have been announced.

CHN Energy’s subsidiaries are participating in China’s pilot ETS. However, CHN Energy maintains a 76% share of generation from coal-fired plants.

With a major reliance on coal-fired plants and an intention to become a leading clean energy provider, CHN Energy has increased its low-carbon energy capacity, achieving a 3% decrease in emissions intensity in the period 2013-2018. However, this is well below the 25% decrease required by the company’s low-carbon pathway.

Despite the intention to expand its renewables, CHN Energy does not link climate change issues to its actions or strategies. Much more effort is needed for the company to achieve its low-carbon transition.