Swedish-German utility group Vattenfall is pledging to cut its greenhouse gas emissions by half by 2030 in a three-part program of plant efficiency, energy conservation, and lobbying for global emissions agreements.
Vattenfall, which generates 33.6 terawatt-hours of its total 169.1 TWh from hydropower, already is well on its way toward the goal, having cut emissions 30 percent since 1990, the base goal of the Kyoto Protocol for greenhouse gas reduction.
�Our goal will thus be to cut emissions by a further 20 percent by 2030,� Vattenfall President Lars Josefsson told the company’s annual general meeting April 26.
In January, Vattenfall’s trading arm, VTS, established a Dutch office to bring together renewable energy trading across Europe. (HNN 1/24/07)
Over the next four years, the utility plans to invest 134 billion kronor (US$19.4 billion) in development and renewal of its energy production and distribution systems. Much will go toward reducing carbon emissions and carbon sequestration technology.