Net Zero Strategies in the Power Sector - Thematic Intelligence
Summary
Decarbonization is one of the most important threats facing the power sector globally. Countries aiming for net zero targets in 2050 and 2060 are increasingly prioritising renewable energy generation as power generation through fossil fuel combustion is the leading source of greenhouse gas (GHG) emissions across the power sector. Power companies need to focus on developing strategies to reduce their scope 1 and 2 emissions over the next 15 years with the aim of achieving net zero for all Scope GHG emissions by 2050. This report reviews the Net Zero Strategies of the leading 20 companies in the Power sector and identifies key areas for energy transition investments.
Scope
- Provides an overview of the emissions emanating from the power industry.
- Overview of the strategies adopted by power companies to redcue carbon emissions.
- Ranks industry leaders on their decarbonization efforts.
- Discusses the impact of GHG emissions by power companies and strategies adopted to mitigate emissions.
- Evaluates various scopes of emissions emanating from the power industry.
- Benchmarks leading companies based on their emissions intensity and net zero commitments.
- Executive Summary
- Why Power Companies Need a Net Zero Strategy
- Emissions Targets and Performance
- Decarbonization Strategies
- Net Zero Strategies of Leading Companies
- Glossary
- Further Reading
- Our Thematic Research Methodology
- Contact Us
- List of Tables
- Who's winning the race to Net Zero
- 2030 Government emissions targets
- ESG 1.0 vs ESG 2.0
- Short term emission reduction targets
- Net Zero emission targets
- Power company Scope 1 and 2 emissions
- Power company Scope 3 emissions
- Power company emissions intensity ranking
- Company Energy Transition scorecard
- Net Zero strategies of leading companies
- Glossary
- Further reading
- List of Figures
- Power company net zero targets 5
- Power sector key net zero strategies 6
- Decarbonisation Leaders and Laggards 7
- Scope 1, 2 and 3 emissions diagram 9
- Stylised Net Zero strategy graph 10
- Emissions reduction targets 1970-2070 11
- Regulation driving corporate decarbonisation 12
- COP28 outcomes for the power sector 14
- Emissions in the Power sector value chain 15
- Ratio of Scope 1 to Scope 2 emissions in the power sector 16
- Average ratio of total emissions in 2022 17
- Change in power sector emissions 2020-2022 26
- Combined Scope 1 and 2 emissions, top 20 companies 26
- Energy transition value chain 29
- Graphic representation of smart grids 33
- Energy storage technologies 34
- Why should carbon offsets be avoided? 35
- Our Thematic methodology 52, 53
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