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JinkoSolar with 49 Global Businesses Urge Governments to Step up Fight Against Climate Change
11.30.18
by Jinko Solar

JinkoSolar with 49 Global Businesses Urge Governments to Step up Fight Against Climate Change

Shanghai, Nov. 30, 2018 --JinkoSolar Holding Co., Ltd. (“JinkoSolar” or “Company”), (NYSE code:JKS) one of the world's largest solar module manufacturers, today announced it with heads of 49 major global businesses comprising $1.3 trillion in total revenue, today publish an open letter to the world’s governments urging greater collaboration in the fight against climate change.

Leaders from the Forum’s Alliance of Climate Action CEOs are committed to using their positions to help meet the Paris Climate Agreement goals. Thirty of the companies that signed the open letter succeeded in reducing emissions by 9%, (more than 47 million metric tonnes in absolute terms) between 2015 and 2016, the equivalent of taking ten million cars off the road for one year.

The open letter is addressed ahead of the UNFCCC climate conference in Katowice, Poland, where government leaders will meet next week to review progress towards delivering on the goals set in 2015.

Alliance leaders call for greater public-private cooperation to accelerate effective carbon pricing mechanisms and policies to incentivize low-carbon investment and drive demand for carbon-reduction solutions. They also highlight the business case for cutting emissions to generate wider support in the private sector.

JinkoSolar announced its unaudited financial results for the third quarter ended September 30, 2018. Total solar module shipments hit JinkoSolar’s record high of 2,953 MW, an increase of 5.7% sequentially and 24.4% year-over-year. Total revenues were RMB6.69 billion (US$974.8 million), an increase of 10.5% from the second quarter of 2018 and an increase of 4.3% from the third quarter of 2017. For the full year 2018, the Company estimates total solar module shipments to be in the range of 11.5 GW to 11.8 GW.

“This is the last chance we give to ourselves. Don’t be too late to take action when grid parity is just around the corner.” announced Chen Kangping, Chief Executive Officer of JinkoSolar.

Read an open letter from business to world leaders here

 

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