At Pacific Century Partners we seek to enhance, educate and further our global partner’s knowledge of sustainability benchmarks and implementation, employing leading climate friendly environmental and renewable protocols based on European standards.
China is currently the planets largest net carbon emitter and 29th largest emitter when measured per-capita. The country's dissatisfaction with pollution in the highly populated cities of the eastern seaboard is widely recognized and the government has made significant progress to control and relieve smog, and move towards a cleaner economy.
We take an active role in pushing forward our dual mandate of environmental responsibility and efficiency-led productivity gains that generate above average returns for our stakeholders in all portfolio operations.
Whether attention is on the legendary Hydroelectric Dams of the Yangtze, Yellow and Pearl rivers, the world’s largest onshore Wind Farms of Gansu, Xinjiang, Hebei and Inner Mongolia, or the sun-drenched Solar Parks of the Gobi and Taklamakan Deserts, China has spent trillions of dollars in pursuit of lowering pollution and emissions and raising technological efficiency; demonstrating unrivaled commitment and competence to harness renewable 21st century innovations on an unprecedented scale.
Although China is the world’s largest producer and consumer of Wind, Solar and Hydroelectric power it is also the largest producer and consumer of coal. It has the second-highest levels of coal-fired electricity consumption per-capita in major economies behind only Australia.
Carrying the mantle of "world's largest" in numerous categories poses numerous challenges. For China to harness a reliable electricity production and delivery system it is an evolving and long-established hurdle.
It's home to more than 20,000km of sprawling electricity-hungry High-Speed rail, more than the rest of the planet combined, with government commitments financing a further $500 billion to lay another 15,000km by 2020. In order to disperse the hydro-electricity of the South-West and the Wind and Solar electricity of the North-West to the highly populated areas along the eastern and southern seaboard the world’s largest Ultra-High Voltage Direct Current (UHVDC) network is under construction. The single largest line will carry 12,000MW over 3000km. China leads the field in the revival of this historic technology, with many international governments bidding for Chinese contractors to install such networks in their own countries. China themselves have agreed to numerous joint ventures in this field via State Grid, their monopolistic state utility. One particular multinational venture between State Grid, Rosseti, SoftBank and KEPCO is an initiative to create an UHVDC grid spanning all Eurasia - from Siberia to Seoul.
China's Central Committee has shown commendable appreciation for the impact of traditional fossil fuels in power generation and an impressive eagerness to address them. They promote and finance numerous initiatives; from Carbon Capture and Sequestration/Storage (CCS) to filter power station smoke stacks, to monitoring the plentiful experiments of the cutting-edge global cleantech revolution; such as injecting CO2 emissions into basalt and certain other minerals under volcanic rock, proven to transform the emissions into solid rock within less than 2 years.