Name: Carbon offsets should be a ‘last resort’ to reaching net zero
Uploaded: 2021-06-30
Duration: 7 min 6 s
Description: Envision CEO offers advice on repositioning business models to achieve carbon neutrality.

Envision CEO offers advice on repositioning business models to achieve carbon neutrality.

Carbon offsets should be a ‘last resort’ to reaching net zero

International

Net Zero Emission: Carbon offsets should be a ‘last resort’

what do you think is the role carbon offsets should play in the gulf and the road to net zero? Should there be a last resort? Should they be a vital bit of it? What do you think? I think public carbon offset it should be the last result. So the first thing, what I'm a suggestion accompany because we are the natural advisor for Lots of Fortune 500 companies. The first thing as we did for ourselves is have the overall assessment by the effective methodology and working, we're working with a company like carbon trust to assess overall envision carbon emissions and then using envision our own arc system to tracing and analyzing then, then what's the most important thing is the strategic position. So for for us we now we are repositioned our supply chain, our manufacturing place, for instance, to inner Mongolia. Well, we can build a net zero park for ourselves and for our partners, this pot is a renewable energy system By wind solar storage, hydrogen software to gather. It could be 100% renewable energy. Then I don't have the offset issue. I become a truly net zero within the park with within that territory. If you look at the no, the space for the northern china, what we are doing there are plenty of wind resources can a power the entire chinese manufacturing, energy usage. So space is there. So it's about the right position your manufacturing and supply chain. This is a B The most important one then. Yeah, I want to jump in there actually, when you're talking about repositioning the supply chain and manufacturing of these other companies, because of course envision and a lot of other companies are looking to reduce scope three emissions as well, not just reduce but eliminating it effectively neutral. And we've seen just recently some fantastic and landmark lawsuits that have been upheld in courts in europe Compelling companies that gas and oil companies to cut down on their scope three emissions scope three emissions. The emissions of your your clients, your suppliers. Those are the most difficult to tackle. Um, divisions trying to do that by 2028. So what's your approach when tackling your scope? Three emissions. How do you convince your value chain to dick carbonized as well? So what we found even without this green nature or carbon costs even compelled Apple with Apple on election self this place Energy costs, it's purely come from renewable. It's going to be like at least 30% cheaper then the fossil fuel energy in the current place in this Okay, east part of china, so we tell our partners, you see the carbon cost is going to graduate add on for next few years. So it will not be competitive with you if you keep in the same place, it's better for you to come with us and we can immediately enjoy the cheap energy cost in the long run. Now we avoid this carbon risk. I mean cheap energy is just one part of it. I mean, if there's already an industrial park which has infrastructure such as roads for transportation, has business partners nearby has maybe government funded rent schemes so that it can reduce the cost there as well. I imagine a lot of those things exist. That's a lot of cost is a lot of costs moving from there to your park. Um would it, would it not be easier for envisioned to build or to decarbonization existing parks than to create new net zero parts? I think again, I wasn't good enough is the interesting questions. So in Beijing we have the D. N. A. Is to solve the toughest challenges. So that's what we're putting our mission to solve the sustainability challenges To have this energy transition is not the easier one. So you need a lot of hard work. You need actually a lot of ground breaking things. What we strongly believe is in this relatively lax about a place. They have the most precious resources which is a renewable energy. So you can avoid long distance, high voltage energy transfer transport. Even then you have you are going to bottleneck so you can enjoy the abundant resources. What do you need do is develop the technology and infrastructure so that the supposed in regime should build for the society. We are not position position ourselves as a better company or as a company. We position ourselves as nat zero partner for the government and for the enterprise in the past. For the last 10 years we think we are the Net Zero technology pioneer. We move very fast. We move ahead on this channel development to really make renewable energy so competitive. But we realized this time if we want to finish the anti transition For non-0, you have to go with your pills with your partners. So we actually reposition in being self as net zero tech partners to help others together. Built a net zero future. So no matter how difficult it is, I think it's great to see the change coming from from corporations leading the way as well um, to providing these solutions, which there is already a certainly a large demand for. I mean if the corporations and the energy providers can bring down the cost and they get accepted, then yes, we'll have a good close system going on. Yeah, late john thank you so much for joining me and coming to talk to me and, and taking time today. It's been fascinating to hear more about your company and the things that inspire you. Thank you very much. It's my pleasure to talk to you.