Global warming places life on earth in danger, posing a threat to fresh water, food, and energy supplies. Greenhouse gas (GHG) emissions are the primary cause of global warming. Carbon dioxide (CO2), methane (CH4), and nitrogen oxides (NOx) are GHGs produced by the combustion of oil, fossil fuels, and other sources.
The energy supply sector is one of the largest contributors to global greenhouse gas emissions, responsible for approximately 35% of total emissions. The Covid-19 pandemic impacted the energy demand in 2020, reducing global CO2 emissions by 5.2%. However, the rapid economic recovery in 2021 increased the energy demand. The biggest increase in CO2 emissions by sector in 2021 took place in electricity and heat production, where they jumped by more than 900 million tonnes CO2 equivalent, which accounted for 46% of the global increase in emissions.
RWE AG (RWE) is an energy utility company that has presence across the energy value chain. The company produces electricity using conventional, nuclear, and renewable sources. In 2021, the energy company reported total GHG emissions of around 112.3 million tonnes CO2 equivalents (MtCO2eq), up 20.5% from 2020.
Scope 1, 2, and 3 emissions are the three categories of GHG emissions. Scope 1 emissions result from thermal power plants, vehicle fleets and ships that operate for the company. Indirect GHG emissions during the generation of electricity that RWE buys or consumes, are referred to as Scope 2. Scope 3 emissions refer to the company's other indirect emissions beyond the company’s direct operations and occur in the company’s value chain, including upstream and downstream activities, such as manufacture and transport of purchased goods and services, product use by customers, and business trips.
Scope 1 emissions account for most of RWE’s overall GHG emissions, accounting for 77.4% of total GHG emissions (86.9 MtCO2eq) in 2021. In 2021, the company's Scope 2 emissions (2.7 MtCO2eq) fell by 13%, whereas Scope 3 emissions (22.7 MtCO2eq) climbed by 14%.
RWE has set a goal to reduce Scope 1 and Scope 2 emissions by 50% and Scope 3 emissions by 30% by 2030 compared with 2019.
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