CLP Renewable Energy Certificates: An In-Demand Decarbonisation Solution for Businesses

Building a sustainable future for Hong Kong requires effort from all sectors of society. The Government’s plan to make the city carbon neutral by 2050 is backed by a growing number of leading corporations that are embracing sustainable business initiatives to lower their carbon footprint. As a trusted energy partner to our business customers, CLP strives to promote decarbonisation and accelerate low-carbon business transformation through cost-effective energy-saving solutions. 

The adoption of low-carbon or zero-carbon energy sources is one of the most direct and effective measures for cutting emissions. CLP Renewable Energy Certificates (RECs) offer our business customers a simple and flexible option to support local clean energy development. RECs allow businesses to not only claim emissions-reduction benefits but also support their green business practices and enhance their corporate image. To fulfil different clean energy demands, we provide a 24/7 renewable fuel mix comprising solar power, wind power, and landfill gas projects generated or purchased by CLP. From data centres and banks to hotels and restaurants, businesses have a variety of purchasing options, such as bulk and long-term plans, to meet their distinct needs and facilitate a flexible low-carbon transition. 

Since its launch, the RECs programme has been welcomed by our business customers. As of the end of November 2022, almost 100 GWh of RECs have been sold, equivalent to a reduction of 39,100* tonnes of carbon emissions. In 2022 alone, sales increased about 400% compared to the previous year. Corporate customers including HSBC, AirTrunk, Hactl, Hang Seng Bank, UNIQLO, and GU, etc. have committed to larger and longer RECs purchases, demonstrating their commitment to long-term sustainability and local renewable energy development.

CLP will continue to collaborate with businesses to support local clean energy development for a low-carbon and sustainable future. Together, we can make Hong Kong a greener, smarter city.

Learn more about RECs now!

Remark: *Calculation based on the carbon intensity of the electricity sold by CLP Power in Hong Kong from 2019 to 2021.