China Gas Holdings Ltd. is a Hong Kong-based company that operates in the gas distribution sector. The company was founded in 1995 and has since grown to become one of the largest gas distributors in China, with a presence in over 300 cities across the country. China Gas Holdings Ltd. is listed on the Hong Kong Stock Exchange and has a market capitalization of over HKD 100 billion.

The company's primary business is the distribution of natural gas to residential, commercial, and industrial customers. China Gas Holdings Ltd. operates a network of pipelines and storage facilities that enable it to transport and store natural gas from various sources, including domestic production and imports. The company also provides related services such as installation, maintenance, and repair of gas appliances.

In recent years, China Gas Holdings Ltd. has been actively pursuing decarbonisation initiatives to reduce its carbon footprint and contribute to China's efforts to combat climate change. The company has set a target to reduce its greenhouse gas emissions by 30% by 2025, compared to its 2015 baseline. To achieve this goal, China Gas Holdings Ltd. is investing in renewable energy projects and exploring new technologies such as hydrogen fuel cells.

One of the key initiatives that China Gas Holdings Ltd. has undertaken to support decarbonisation is the development of a corporate energy strategy. The company has established an energy management system that enables it to monitor and optimize its energy consumption across its operations. China Gas Holdings Ltd. is also exploring the use of corporate power purchase agreements (PPAs) to source renewable energy from third-party providers.

Corporate PPAs are long-term contracts between a company and a renewable energy provider that enable the company to purchase renewable energy at a fixed price over a specified period. By entering into a PPA, China Gas Holdings Ltd. can secure a stable supply of renewable energy and reduce its reliance on fossil fuels. The company has already signed several PPAs for wind and solar energy projects in China, and is actively seeking new opportunities to expand its renewable energy portfolio.

In addition to its renewable energy initiatives, China Gas Holdings Ltd. is also investing in new technologies to improve the efficiency and sustainability of its operations. The company has developed a smart gas metering system that enables customers to monitor their gas consumption in real-time and make adjustments to reduce waste. China Gas Holdings Ltd. is also exploring the use of natural gas vehicles and hydrogen fuel cells to reduce emissions from its transportation fleet.

Overall, China Gas Holdings Ltd. is a leading player in the gas distribution sector in China, with a strong commitment to decarbonisation and sustainability. The company's focus on renewable energy, corporate energy management, and new technologies such as hydrogen fuel cells, positions it well to adapt to the changing energy landscape and support China's efforts to transition to a low-carbon economy.