Climate
Climate
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 target to reach carbon neutrality (Scopes 1, 2, 3) by 2030 and will exit all coal generation by the end of 2027.
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
- Fortum is already today one of Europe’s cleanest power generators. In 2022, Fortum’s specific carbon dioxide emissions (Scope 1) from total energy production in 2022 were 184 gCO2/kWh. Our carbon dioxide emissions from total energy production in Europe were 45 gCO2/kWh. Below chart shows the specific CO2 emissions of major utilities in Europe.
- In 2022, Fortum’s Specific CO2 emissions from power generation were 180 gCO2/kWh and excluding Russia 25.4 gCO2/kWh.
