Strategy and carbon roadmap
Strategy and carbon roadmap
With its strategy, Fortum will continue to drive the clean energy transition and deliver sustainable financial performance. Aligned with the goals of the Paris Agreement, Fortum targets carbon neutrality by 2050 with ambitious mid-term targets.
Transformation of our own operations to carbon neutral
Fortum aims to drive the clean energy transition and focuses on reducing CO2 emissions from its own operations. We have committed to the carbon neutral (Scope 1, 2, and 3 emissions) target globally, aligned with the goals of the Paris Agreement, by 2050 at the latest. The chart presents Fortum’s coal-fired power generation capacity and its phase-out in Europe.
Decarbonising society
The energy transition and the transition to carbon neutrality rely on clean power and gas (e.g. hydrogen). Fortum’s strategy is designed to sustain Fortum’s success in a decarbonised society.
Fossil-fuelled generation will be replaced with CO2-free power generation. Fortum aims to build 1.5–2 GW of new renewable electricity capacity by 2025, primarily in Europe. The new energy system requires new flexible energy sources to balance fluctuations, including, e.g., batteries and other storage solutions,, as stable fossil-fuelled power generation is replaced with intermittent renewable energy sources, such as wind and solar power.
The infographic below describes the increasingly diverse and gradually changing energy system.