中国纺织行业脱碳可再生能源投资可行性研究报告

营套SUPPORT BYXHSBC GlossaryAcronymsACRONYMBAUBESSCAPEXCBPCODCSPGC&lDGPVETSEVFYPGDPGECGWIRRkvLTMN/mnMSGMWMWhM2LTNDRCNEANPV TACKLINGCLIMATECHANGEFeasibilityStudyonRenewableEnergyInvestment inChinaforTextileIndustryDecarbonisation TACKLING CLAMATE CHANGEFeasibility Study on Renewable Energy Imvestment in Chingfor Textile Industry Decorbonisation TACKLING CLIMATE CHANGEFeasibilty Study on Renewable Energy Investment 01KeyMessages PrefaceAs global climate challenges intensify, reducing greenhouse gas emissions and actively addressingclimate change have become an international consensus. In December 2018, at the 24th Conferenceof the Parties (COP24) to the UN Framework Convention on Climate Change, leading global fashionunified action aimed at achieving a 50% reduction in value chain greenhouse gas emissions by 2030 andsignificantly mitigating the sector's overall climate impact. According to World Resources Institute datatonnes in 2019, accounting for 0.6% of global emissions, with energy consumption contributing 83% ofthe sector's GHG emissions.As the world's central hub for textile and apparel production and consumption, China processes over50% of global textile fibers. Consequently, the climate actions and progress of China's textile industryare pivotal to advancing global fashion's green transition. within China, the textile sector contributesabout 2% of national annual carbon emissions. From an energy structure perspective:Coal-related emissions plummetedfrom 35% (2005) to just 3%This shift demonstrates how China's comprehensive industrial electrification is transfering end-usedecarbonization imperatives to the power supply side.CNTAC's provinces of interestProvince of interestPrioritised provinceKey Messages Electricity-driven emissions surgedfrom 12% to 62% amid acceleratingelectrification1950HUDEhemano00000000001 O Recent findings from China National Textile and Apparel Council (CNTAC)'s "30 - 60 Carbon NeutralityAcceleration Plan" reveal rapid green electricity adoption:669%6 of manufacturers and 25% brandsGreen electricity's share in total electricitynow use green electricity (2022)consumption rose from 1% (2020) to 8%Solar and hybrid projects generated 157Gwh, while green certificate purchasesaccounted for 92 GWhBuilding on this momentum, CNTAC's Social Responsibility Office spearheads a critical initiative:developing renewable energy supply solutions to accelerate low-carbon transformation from thesource. Consequently, FICCA China Working Group's 2023 Annual Meeting (Guangzhou) endorsed the'Centralized Renewable Energy Investment Feasibility Study" project, This research aims to:2Forecast renewable energy demand forAnalyze implementation pathwaysChina's textile carbon neutrality goalsaligned with global supply chainstandards and domestic policy evolutionAssess feasibility and opportunities forgreen investments in renewable capacityexpansionAs the founding supporting organization of the Fashion Industry Climate Action Charter and theSecretariat of the FICCA China Working Group, the China Textile Information Center officially launchedand Zhejiang) that are the core of the foreign trade-oriented textile supply chain and three provinces(Henan, Hubei, and Jiangxi), studying the feasibility of textile enterprises directly investing in off-siterenewable energy projects (i.e., directly obtaining green electricity) and focusing on evaluating theeconomy of this model in each province. At the same time, the project will preliminarily estimate theoverall green electricity demand of major industrial clusters (provinces) in China's textile industry tosupport the subsequent pilot implementation. The specific research contents include:Textile industry renewable energy application potential assessment:Analyze the feasibility of applying renewable energy such as solar and wind energy inthe textile production process, and evaluate its technical feasibility, cost-effectiveness,and potentialenvironmental benefits.Carbonneutrality implementationpathdevelopment:Based on the analysis of the current carbon emissions status of textile enterprises,propose feasible paths to achieve carbon neutrality, focusing on how to effectivelyreduce the carbon footprint through renewable energy investment.O 02Key Messages Policy support and business model exploration:Sort out the policy system of the Chinese government in the fields of green energyand carbon trading, and explore sustainable business models applicable to the textileindustry.Investment return and risk assessment:Through data analysis, evaluate the economic returns, potential risks, and impactsof changes in the market environment of renewable energy investment, providing areference basis for enterprise investment decisions.Key Messages TACKLING CLIMATE CHANGEAcknowledgmentsThis report, an interim result of the project, was funded through two phases: Phase I by the "TextileIndustry Green Transformation Project(jointly promoted by HSBC and WWF), and Phase II by Primarka