Chinese business leaders call for a global climate deal

18 February 2009

BEIJING, CHINA- CEOs from some of China's most innovative companies have called for national governments to work together to secure a new global climate deal at Copenhagen and build a low carbon economy.

Announcing that Chinese business is ready to play its part in the global effort to tackle climate change, over 20 Chinese business leaders signed an unprecedented climate change communiqué at the annual Yabuli Business Forum in northern China.

The business leaders - representing real estate, manufacturing, IT, finance and consulting industries - committed themselves to reducing emissions from their business operations, to spurring research and innovation in clean energy technologies, and to becoming role models for low-carbon action.

Speaking on behalf of the Chinese coalition, Yue Zhang, CEO of Broad Air Conditioning, said, "Global warming means business as usual is no longer an option. Top Chinese companies are ready to play their part in the global effort to tackle climate change and build a truly sustainable economy."

Changhua Wu, China Director of The Climate Group, said: "Governments must not use the current financial crisis as an excuse for inaction or delay in addressing climate change. Green stimulus packages are needed to accelerate development of low carbon technologies and infrastructure. This will reduce emissions, boost the global economy, and create new jobs."

Signatories to the communiqué included: Taikang Life, Broad Air Conditioning, Vanke, Vantone, Beijing Capital Group, Neusoft, Stone Group, Huayuan Group, Huatai Insurance, Tiptop Real Estate, Asia Business Corporation, China M&A Group, HY Brothers, JP Morgan, White Collar, Zendai Fund, China Chengxin Credit Management, Guandong Chant Group, Mtone Wireless, and Adfaith.

A recent report published by The Climate Group - China's Clean Revolution - reveals that China is already the world's leading renewable energy producer and is over-taking more developed economies in exploiting valuable economic opportunities, creating green-collar jobs and leading development of critical low carbon technologies.

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