Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
dpa

HOME > dpa

Conti wants to reduce CO2 burden with reforestation - additional costs possible

May 06, 2022


Abstract : German automotive parts company Continental wants to link unavoidable CO2 emissions from its own production, suppliers, and recycled products directly with investments in climate protection projects.

CAPTION: Conti wants to reduce CO2 burden with reforestation - additional costs possible. (picture alliance / Geisler-Fotopress)

German automotive parts company Continental wants to link unavoidable CO2 emissions from its own production, suppliers, and recycled products directly with investments in climate protection projects. The DAX-listed corporation is offering its first customers the option of offsetting these kinds of greenhouse gas quantities against "negative emissions" that arise in the balance sheet, for example from reforestation. The aim is to accelerate the net reduction of CO2 in this way, Steffen Schwartz-Höfler, Conti's head of sustainability, told dpa. This could also involve additional costs, the distribution of which is still being negotiated.

According to Schwartz-Höfler, the auto supplier's "immediate program" is not about buying its way out of its obligations. "The concept of negative emissions goes beyond the purchase of classic compensation certificates," he explained. It looks at entire supply and post-use chains, he said. "It just doesn't mean that CO2 emissions are simply reduced somewhere else, resulting in only somewhat fewer emissions somewhere else, but that de facto CO2 is taken out of the atmosphere - primarily from forests, but also, for example, by binding greenhouse gases in peatlands or other soils."

He said Conti has built up a network of partners to whom certain quotas are assigned - "distributed all over the world." It's about reforestation, but also about creating additional forest areas or sustainable forest management, he explained. Some projects are located in China, he says, "where an early start was made, for example, to prevent further desertification through the overuse of land."

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: Continental

Reading:

Global auto giants bet on opportunities of China's hydrogen industry

Chinese-built Ethiopia-Djibouti railway boosts regional integration

Webuild, works on the mega bridge over the Danube river are 59% completed

44% of dollar-denominated SEC Registered Global bond to be allotted into Asia

Germany's Continental plans to expand software offering

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial