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Industrial Decarbonization: Embracing Climate Opportunities
Kunlun Energy is committed to improving energy efficiency and continuously optimizing its energy supply
structure. In
2023, the company's greenhouse gas emission intensity decreased by approximately 15% compared to 2020, a
remarkable
achievement that highlights the company’s dedication to greenhouse gas reduction initiatives. In 2024,
Kunlun Energy
released the "Carbon Peak and Carbon Neutrality Action Plan 2024 Edition", which
further refined and
upgraded its
dual-carbon goals. Building on its existing targets of achieving "Carbon Peak in 2023"
and "Net Zero
Emissions by 2050",
the company made an additional commitment: by 2035, its LPG, urban gas pipeline networks, and branch
pipeline businesses
will take the lead in achieving "Net Zero Emissions"
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Green and Low-Carbon: Empowering Excellent Operations
Kunlun Energy places great emphasis on ecological civilization and continues to promote green
construction, deepen its
renewable energy deployments, and implement integrated energy projects in response to the country’s
major development
strategies. The company continuously improves and optimizes its environmental management systems to
minimize
environmental pollution, advance its clean energy layout, and move toward a "Net Zero"
future. It also
promotes
initiatives such as Safety Month, Low-Carbon Week, and Energy-Saving
Day. By enhancing energy management
and
implementing technological transformation projects, the company reduced its energy consumption intensity
by 61.5% in
2023 compared to 2020.
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Accelerating Transformation: Striving Toward Dual-Carbon Goals
In response to climate change, Kunlun Energy actively promotes green technological innovation and
low-carbon
transformation, adhering to the principle of harmonious coexistence between humans and nature. In 2023,
the company
procured 1,828.738 million kWh of renewable electricity, accounting for 10.82% of its total electricity
consumption. A
total of 29 distributed photovoltaic (PV) projects have been completed, with 22 of them built in 2023,
achieving a total
installed capacity of 3.3 MW. Among these, 14 PV power generation projects are operational, with a
cumulative power
generation of 976,000 kWh, of which 484,800 kWh is used for self-consumption.
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Striving for Excellence: Pursuing Higher Goals
Kunlun Energy conducted an assessment of greenhouse gas emissions related to its value chain (Scope 3),
identifying and
analyzing emissions from nine Scope 3 categories for the first time. By publishing the "Climate Action
White Paper", the
company objectively and comprehensively disclosed its vision, strategies, and practices in addressing
climate change,
enhancing stakeholders' understanding of its climate strategy and progress, and supporting its efforts
to continuously
strengthen climate resilience. The Hainan Company’s Chengmai LNG reserve facility established its first
self-contributed
biodiversity conservation demonstration site, protecting 48 local bird species and 165 vascular plant
species,
illustrating a harmonious balance between ecological preservation and economic development.
Carbon Emission Management
We pay great attention to greenhouse gas emissions, constantly improve the company's carbon emission control
system,
strengthen methane emission reduction control, actively participate in the construction of carbon market,
deeply
participate in the global oil and gas industry cooperation on climate change, initiated the establishment of
the
"Chinese oil and Gas Enterprises Methane Control Alliance", and promote the oil and gas industry to
accelerate the green
and low-carbon transformation. We will accelerate the construction of a carbon emission control system,
establish a
"1+3" carbon emission system, and formulate the Guiding Opinions on Strengthening the control of Greenhouse
Gas
Emissions, the Measures for the Management of Carbon Trading, the Measures for the Management of the
Statistical
Assessment of Greenhouse Gas Emissions, and the Measures for the Management of Voluntary Greenhouse Gas
Emission
Reduction Projects. In 2022, the company achieved a year-on-year reduction of 9.76% in methane emission
intensity.
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- We support and participate in greenhouse gas mitigation programs and initiatives
- 《Paris Agreement》
- 《Oil and Gas industry advocacy group OGCI》
- 《China's National Climate Change Program》…
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Carbon emission management
We study and formulate low-carbon development roadmap and carbon emission control system, plan
development goals,
emission reduction measures, technical routes, and strengthen carbon emission management and carbon
screening.
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Market Mechanism To Save Carbon
We funded the establishment of Tianjin Carbon Emission Reduction Exchange, promoted the marketization and
commercialization of carbon emission reduction, actively participated in carbon emission rights trading,
and realized
carbon emission reduction targets through market-oriented mechanisms.
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Develop Low-carbon Energy
We actively develop low-carbon energy such as natural gas, coal bed methane, shale gas and biomass
energy, and continue
to develop geothermal energy, solar energy and other renewable energy....
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low-carbon Technology
We have increased investment in science and technology to address climate change, and carried out
research on innovative
technologies in the fields of carbon dioxide oil displacement and storage, and aviation biofuel
production.
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Forestry Carbon Sink
We have actively supported the construction of carbon sequestration forests and afforestation activities
in China,
established the China Green Carbon Fund, and built a total of 331 million mu of carbon sequestration
forests.