Climate change is both a challenge and an opportunity
Our competences and know-how in carbon dioxide-free hydro, nuclear, wind and solar energy, and in energy-efficient combined heat and power (CHP) production are competitive advantages. Greenhouse gases that accelerate global climate change are generated primarily from the combustion of fossil fuels.
The concern about climate change will also increase the demand for low-carbon and energy-efficient energy products and solutions. Our circular economy services also meet this demand, as the use of non-recyclable waste in energy production replaces fossil fuel and reduces the formation of greenhouse gases at landfills.
In Europe, our energy production is primarily based on carbon dioxide-free hydro, nuclear and wind power and on energy-efficient combined heat and power (CHP) production. Our CHP plants utilise, among others, biomass, bio liquids and waste-derived fuels. Our power production in Russia utilises mainly natural gas. Our strategy is targeting to a multi-gigawatt wind and solar portfolio which is subject to the capital recycling business model.