/CO2
/EDP'S GROUP STRATEGY
EDP’s Group strategy
EDP’s strategic plan for reducing CO2 emissions and fighting climate change combines low risk with greater efficiency and a steep growth profile. The strategy is in harmony with those at national and European level. The goal to reduce specific emissions in 2010 by 35% in comparison to 2006 involves, in particular, the implementation of the following measures:
- Increased investment in renewable energies: EUR 7.1 billion in wind farms (doubling the total installed capacity to 7,600 MW in different regions) and hydroelectric power stations (an additional 1,000 MW in Portugal).
- Improving the energy efficiency of thermal stations by constructing combined cycle power stations (doubling the total installed capacity in the Iberian peninsula to 3,200 MW).
- Progressively reducing the operating time of fuel oil and diesel power stations and planning their decommissioning for the short term (by 2012).
- Energy efficiency actions: The ECO Programme, reducing distribution grid losses, fostering micro-generation (MyEnergy) and energy services.
- R&D and Innovation: Annual investment target of EUR 10 million by 2010, with specific focus on CO2 sequestration activities and harnessing wave energy.
- Management of CO2 requirements to provide coverage for a possible shortfall due to PNALE II (National Plan for the Allocation of Emission Allowances), including carbon funds, CDM projects (Clean Development Mechanisms, as envisaged under the Kyoto Protocol) and the purchase of additional licences.