Why CLP carbon credits?
CLP Holdings Limited is a publicly held company that has been in the electricity business since 1901. At CLP, our vision is to be the leading responsible energy provider in the Asia-Pacific region, from one generation to the next. Today, we power millions of homes and businesses through operations spanning across Hong Kong, Mainland China, India, Southeast Asia and Taiwan, and Australia. Our business includes power generation, transmission and distribution, and electricity and gas retail activities.
CLP's Climate Vision 2050
CLP's Climate Vision 2050 sets out the blueprint of the Group’s transition to net-zero GHG emissions leading up to mid-century. Launched in 2007 with a focus on the ambition to mitigate CLP’s climate impact, Climate Vision 2050 has been instrumental in informing CLP’s business strategy and guiding its investment decision-making. It is also an integral part of CLP’s broader climate strategy, which covers key considerations around climate adaptation and scenario analysis, among others. This vision will underpin our long-term success as a business.
CLP's key targets and commitments:
- Achieve net-zero greenhouse gas emissions across our value chain by 2050;
- Meet science-based targets for 2030 to align with the Paris Agreement goal of limiting global warming to well-below 2°C above pre-industrial levels. Our interim targets for 2040 have also been strengthened for the same ambition; and
- Phase out coal-based assets by 2040 — a decade earlier than pledged previously.
CLP has been one of the largest foreign investors in India’s power sector since entering the market in 2002. Bringing CLP’s world-class operating standards and governance into this vast country, our Indian business has delivered on its founding vision of providing light and power to millions of people in an affordable and sustainable manner, while actively supporting the needs of local communities.
Apraava Energy (formerly known as CLP India) started construction on its first wind farm at Khandke in the state of Maharashtra in 2006. Apraava Energy now stands as one of the largest investors in India's renewable power sector, with over 1,000MW of wind and solar energy projects.
CLP has been in Mainland China's power industry since 1979. We are one of the largest external independent power producers with a focus on clean and low-carbon energy including renewables.
With over a decade of experience in renewable energy development, we are now increasing our focus on our end use customers and looking for ways to help them access greener and smarter electricity.