Changes in our operating environment are driven by global megatrends that remain valid: climate change, technology development, active customers, and resource efficiency. Europe is aiming for climate neutrality by 2050, and Fortum has set its climate targets accordingly.
Climate change mitigation
Climate change mitigation and adaption require political commitment and ambitious actions from different players in society. Greenhouse gas emissions need to be reduced in all sectors, not just in electricity, but also, e.g., in heating, cooling, industry and transport. Electrification and sector integration mitigate climate change, when electricity, replacing other energy sources, is produced and supplied by low-emission and renewable energy sources. Transition to a low-emission power system also enables the decarbonisation of other sectors through the coupling of CO2-free power generation and green hydrogen.
Specific CO2 emissions of major utilities in Europe
Transforming our own operations to carbon neutral is a strategic priority for us. In 2020 the specific CO2 emission from Fortum's total entire energy production (Scope 1) were 287 gCO2kWh. The specific CO2 emissions from our European energy production were 188 gCO2/kWh. These numbers include Uniper from the second quarter in 2020. Below chart shows the specific CO2 emissions of major utilities in Europe.