"Alibaba" to achieve carbon neutrality in its operations by 2030

"Alibaba" to achieve carbon neutrality in its operations by 2030 shutterstock
Maria Semenova

By 2035, the company plans to cut emissions by 1.5 gigatonnes

Chinese internet giant "Alibaba Group Holding Ltd." plans to achieve carbon neutrality in its operations by 2030 and to halve emissions across its supply chains.

The company's chief executive officer Daniel Zhang announced the modernisation, the Green Deal portal reports.

"Alibaba" plans to make greater use of renewable energy sources in its data centres and to engage carriers that use electric vehicles. The company expects that by 2030 all the energy it uses will be 100% clean. By 2035, the company plans to cut emissions by 1.5 gigatonnes.

"Alibaba" will help reduce emissions of sellers and buyers who use the company's platform, and will encourage and incentivise environmentally friendly behaviour.

"We will use our unique influence as a platform operator to mobilise action and change the behaviour of consumers, merchants and our partners in China and around the world," Zhang said.

To achieve carbon neutrality, the company will set up a new body to oversee its ESG practices, and the sustainability committee of Alibaba's board of directors will be chaired by independent director Jerry Yang, co-founder of "Yahoo Inc".

As EcoPolitic previously reported, in Britain "McDonald's" opened its first restaurant with zero emissions of harmful substances.

Related
"Fit for 55": how the EU's new plan to cut greenhouse gas emissions will work
"Fit for 55": how the EU's new plan to cut greenhouse gas emissions will work

Experts believe that discussions on approving the new policy may take at least a year

EU Council and Parliament agree to increase the size of the EU ETS market reserve
EU Council and Parliament agree to increase the size of the EU ETS market reserve

The authorities believe this will make carbon prices more stable and predictable, reducing the fiscal shock to the economy

War, investment and decarbonisation: Ukraine is preparing over 70 events as part of COP31
War, investment and decarbonisation: Ukraine is preparing over 70 events as part of COP31

Emissions caused by military operations are comparable to those of entire countries

In the EU, €3.4 billion in ETS revenue will be channelled towards decarbonisation projects
In the EU, €3.4 billion in ETS revenue will be channelled towards decarbonisation projects

According to preliminary estimates, their implementation over the first ten years will reduce emissions by approximately 290 million tonnes