Vattenfall: Fossil Free within One Generation
Vattenfall, a BSCC Patron member, has decided to further increase its emission reduction targets for 2030 and beyond. The aim is to reach net zero by 2040 in a bid to help keep global warming at a maximum increase of 1.5 degrees Celsius and has been approved by the SBTi. Vattenfall’s CEO and President, Anna Borg, described this step as delivering “fossil free living within one generation” and that the company “will reduce our emissions intensity by over 77% from 2017 to 2030”.
The official details of the plan feature the phasing out of coal from all operations by switching the last two coal-fired heat assets (Moabit and Reuter West in Berlin) over to a combination of biomass, heat pumps, power-to-heat, and natural gas. Another measure includes: quadrupling the capacity of wind and solar to the grid; additionally, they will offer 25 times as many electric charging points in operation- all of which by 2030. Vattenfall has impressively included their whole value chain within their over-arching goal of net zero by 2040 which would mean emissions from suppliers and customers will be entirely offset (via negative emissions). Click here to learn more about Vattenfall’s latest environmental commitment.