CLP Group reports its commitment to a comprehensive climate change strategy, including an ambitious target to reduce the carbon intensity of its power generation portfolio by 75% by 2050.

Separately, the Group today also announced it is close to meeting its 2010 renewable energy target of 5%, which was set in 2004, following agreement to develop another wind energy project in India. The 82.4MW wind farm in the southern state of Karnataka will be the group’s second largest wind farm and will increase the renewable energy in its total generation portfolio to 545MW or 4.9%.

The CLP Group is one of the largest investor-owned power businesses in Asia Pacific region and its generation portfolio includes coal, gas, nuclear, wind, hydro and biomass generation.

Releasing the Group’s climate change manifesto, CLP Chief Executive Officer, Mr Andrew Brandler, said, “Our target will lead to the saving of millions of tonnes of carbon emissions between now and 2050. It is a major departure from business as usual, which will require an entirely different view of our business and our facilities.”

To achieve the deep cuts necessary to reach its CO2 emissions intensity target of 0.2 kilograms of CO2 per kilowatt hour by 2050, which is equivalent to a 75% reduction in its current intensity, CLP’s Manifesto on Climate Change includes intermediate targets and a range of specific initiatives. The Group’s current carbon emissions intensity is 0.84 kg/kWh.

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