Frost & Sullivan, in collaboration with the Energy and Environment Economics Research Institute at Tsinghua University, has released the 'Idle Second-hand Transactions Carbon Emission Reduction Report'

Source: Frost & Sullivan

Carbon emissions refer to the total amount of greenhouse gases directly or indirectly produced by enterprises, groups, or individuals within a certain period. In a narrow sense, carbon emissions only refer to carbon dioxide emissions; whereas in a broad sense, carbon emissions mainly include carbon dioxide and other greenhouse gases, with carbon dioxide being the most abundant greenhouse gas, currently accounting for about 80% of global greenhouse gas emissions.

As countries gradually accept the concept of carbon neutrality and strive to achieve related goals, green industries under the concept of carbon neutrality will welcome development opportunities. As the country with the largest total carbon emissions in the world, China has been actively promoting energy conservation and emission reduction-related industrial policies.

China has committed that by 2030, its carbon dioxide emissions per unit of GDP will be reduced by 60% to 65% compared to 2005, with the total emissions reaching a peak in 2030, striving to achieve carbon neutrality before 2060, and working towards building a low-carbon, environmentally friendly, resource-saving society.

Determining the carbon footprint of goods is of great guiding significance for the healthy development of the national economy. Based on the LCA framework, applying the lifecycle theory and evaluation of goods to the carbon footprint analysis of idle items can help identify weak links in the product's life cycle, reduce greenhouse gas emissions, thereby purposefully and focusedly improving design and processes, and promoting the sustainable development of China's commodity industry chain.

This report defines the product's life cycle carbon footprint as "from cradle to consumer," which refers to the carbon emissions from raw material production to the hands of consumers.

Source: Frost & Sullivan

Specifically, looking at the sub-categories of idle item trading goods, users mainly trade consumer goods including household appliances, 3C electronics, clothing and accessories, home products, and books. These sub-categories have large market scales, rapid turnover, and certain residual value. The carbon emissions and energy consumption calculations in this report are targeted at four categories of consumer goods: large items, 3C electronics, clothing and accessories, and books.

In 2020, the carbon emissions related to major consumer goods industries in China were about 867 million tons, a year-on-year decrease of only 2.6%. Due to the complex material types and large volumes required in the production process of large items (including household appliances, two-wheeled vehicles, etc.), the carbon emissions of large items are much higher than other categories, with large items accounting for more than 65% of carbon emissions from idle items in 2020.

Source: Frost & Sullivan

Factory production not only generates a large amount of greenhouse gases but also causes significant energy consumption. Large items and clothing have relatively complex production processes, resulting in higher unit energy consumption, followed by 3C electronics and books. In 2020, the total energy consumption of major consumer goods industries in China reached 1,574.3 TWh.

Tiantuan takes the C2B2C model as its core, selling idle items from individual sellers through platform quality inspection and valuation before being sold to individual buyers, shortening intermediate transfer links and standardizing procedures. The standardized fulfillment service covers the entire process from valuation to quality inspection and after-sales. At the same time, Tiantuan integrates a large amount of idle commodity B-side resources, greatly improving transaction efficiency; providing professional recycling channels and pre-sales services for C-side sellers, and efficient bulk shipping routes for B-side sellers.

Source: Frost & Sullivan

Compared to traditional offline idle item trading stores/distribution models, Tiantuan's online idle item trading platform can accurately match idle item trading needs and transfers, significantly reducing carbon emissions from transportation; the "one-stop" idle item trading service provided by Tiantuan improves transaction quality, fundamentally enhancing consumers' willingness to trade idle items, avoiding unnecessary carbon emissions and energy consumption in traditional offline channels.

For 3C electronics, Tiantuan provides a quality inspection service superior to other competitors, mainly consisting of the following three parts:

Source: Frost & Sullivan

Since the establishment of Tiantuan Platform in 2015 until the end of 2020, it has cumulatively achieved carbon emission reductions of 1.783 million tons

≈10 billion kilometers of traditional fuel vehicle driving mileage / ≈250,000 circles around the Earth's equator

≈14 billion kilometers of new energy vehicle driving mileage

Source: Frost & Sullivan

Since the establishment of Tiantuan Platform in 2015 until the end of 2020, it has brought about cumulative energy consumption savings of 2,372.4 GWh

≈6% of Beijing's 2019 power generation output

≈the annual energy consumption of 200,000 Chinese households

Since the establishment of Tiantuan Platform in 2015 until the end of 2020, it has transacted a total of 20 million second-hand books

≈protecting 170,000 forest tree resources

Source: Frost & Sullivan

Source: Frost & Sullivan