On December 9,ABB announced in Beijing that it signed a three-year strategic cooperation framework agreement with the Ministry of Industry and Information Technology of China to reduce energy consumption, committed to domestic small and medium-sized enterprises through a systematic and sustainable way to achieve energy conservation and emission reduction goals.
On December 9,ABB announced in Beijing that it signed a three-year strategic cooperation framework agreement with the Ministry of Industry and Information Technology of China to reduce energy consumption, committed to domestic small and medium-sized enterprises through a systematic and sustainable way to achieve energy conservation and emission reduction goals.
"The Chinese government has put unprecedented emphasis on energy conservation and emission reduction on the agenda," Yuan Pu, director of the China SME Foreign Cooperation Coordination Center of the Ministry of Industry and Information Technology, told reporters, "China's smes have accounted for 99% of the total number of enterprises. If we can reduce energy consumption in the industrial sector, especially in the high-energy-consuming sectors of mining and metallurgy, pulp and paper, oil and gas, petrochemicals, manufacturing and power generation, it will strongly support the overall national goal of energy conservation and emission reduction."
This is the first time for ABB China to cooperate with the Chinese ministerial level government on energy conservation and emission reduction. Previously, the company took the lead in strategic cooperation with Guangdong Province to increase efficiency and save energy.
China's announced commitment to reduce its carbon dioxide emissions per unit of gross domestic product (GDP) by 40-45% by 2020 presents an opportunity to work together.
"Most people have recognized that there are two ways to deal with the serious challenges of global climate change and energy shortage: one is to develop renewable energy, and the other is to use existing technologies to increase efficiency and save energy. It must be clearly understood that the latter method is undoubtedly much faster and more economical than the former." ABB Group senior vice president and chairman of ABB China Chris told reporters.
According to the agreement,ABB will work with the Ministry of Industry and Information Technology to help domestic small and medium-sized enterprises master the systematic knowledge and technology of energy conservation and consumption reduction through holding efficiency and energy conservation seminars, technical training, and consulting services. ABB will also use its extensive experience in the global energy efficiency sector to help companies develop energy reduction policies and recommend solutions to them.
"ABB has the ability to help industrial sectors that consume more than 70 percent of their energy to achieve efficiency savings. By partnering with the Ministry of Industry and Information Technology,ABB will have the opportunity to demonstrate its value in the energy efficiency sector." Says Chris.
"This cooperation is a win-win for ABB and MIIT. After all, China's mission to reduce carbon emissions by 40 percent by 2020, from 10 percent in the 11th Five-Year Plan, requires more companies that can provide experience in energy efficiency." Says one analyst.
In fact, grasping the energy-saving card has become a card played by many multinational companies. On December 8, Siemens China announced that the total value of about 2 billion orders signed in China recently, most of the products and environmental protection related business portfolio. According to Siemens China officials, environmental protection related business has accounted for 25% of global revenue in fiscal 2009; At ABB, energy efficiency already accounts for 45% of annual sales.
