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EVE Energy Received an Award for Its Contribution to Carbon Peak and Carbon Neutrality

Jul 28,2024

In recent days, during the event celebrating the '10th Anniversary of the Hubei Carbon Market Opening' held in Wuhan, the Hubei Carbon Emissions Exchange awarded EVE Energy for its outstanding contribution to the Hubei carbon market.


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The 2024 China Carbon Market Conference was held in the same period. Dr. Xiao Zhongxiang, Director of the EVE Energy Carbon Peak and Carbon Neutrality Department, was invited to participate and deliver a speech titled 'The Challenges and Solutions of Lithium Batteries Exports'. Dr. Xiao pointed out the continued growth in exports of Chinese photovoltaics, lithium batteries, and new energy vehicles, which account for 80%, 50%, and 20% of the global market share, respectively. Dr. Xiao explained that this success is fundamentally due to the development of the industrial division of labor and cooperation, enhancing productivity, and transforming manufacturing roles. However, with the European Commission's adoption of a new battery regulation that requires battery producers to disclose data on supply chain carbon emissions and raw material traceability, the carbon footprint has become a crucial criterion for battery exports, highlighting the necessity of carbon footprint management.


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Following his views, Dr. Xiao summarized four industrial development trends. First, as carbon emission thresholds are gradually increasing, carbon footprint management has become an imperative issue for companies. The industry must remain vigilant against rule-setting and audit hegemony, focusing on data security, technological advancement, and strategic safeguards. Second, the scope of carbon footprint management is expanding from part to the whole, requiring companies to implement comprehensive green management across all core supply chains. Third, the driving force of carbon footprint management is shifting from policy-driven to proactive practice, with all major stakeholders engaging in green supply chain management, thereby accelerating the transition to green practices within supply chain companies. Regarding management requirements, carbon footprint management is advancing from basic to advanced levels, serving as a benchmark for evaluating the performance of companies, products, and social responsibility. Fourth, as management practices become more open, companies should establish a more transparent supply chain management system.


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Considering lithium batteries are the exported products from China's 'new three' industries, EVE Energy, as a practitioner of battery export, is actively promoting carbon footprint management. In April of this year, EVE Energy released the 'CREATE' Carbon Neutrality Action Plan (C for Carbon Footprint, R for Recycling, E for Efficiency, A for Assurance, T for Technology, and E for Energy) aiming to achieve operational carbon neutrality by 2030 and core value chain carbon neutrality by 2040.


At the end of the speech, Dr. Xiao stated that either being low-carbon or being out, carbon neutrality is not our final goal, but sustainability, which relies on everyone joining together. He suggested that the industry should manage the carbon footprint in a phased manner and consider the entire supply chain, working towards a more sustainable and low-carbon society, and ensuring the global energy transition to green.