Vattenfall raises emission cut target

The Swedish power company will tighten its climate profile even further in the coming years, with the whole value chain now set to achieve net-zero emissions before 2040.

Photo: Jens Dresling

Vattenfal's climate goals have been given an upgrade. Whereas the Swedish utility formerly targeted achieving net-zero emissions from 2050, the objective is now moved forward ten years, the group informs in a statement.

"Already in 2020, we achieved our 2 degrees SBTi target of reducing absolute CO2 emissions by nearly 40 percent from 2017, ten years ahead of schedule. Now we will continue our accelerated path. This means we will reduce our emissions intensity by over 77 percent from 2017 to 2030," writes President and Chief Executive Anna Borg in the media release:

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