Utility-1 has set targets of achieving a 50% reduction in emissions intensity by 2030 compared to 2019 levels, with a 27% reduction targeted by 2025.
Compared to other large European power producers, Utility-1 emits significantly higher greenhouse gas emissions per Kilowatt-hour of electricity produced.
Utility-1 is scrutinized by the environmental activists because of its carbon intensive electricity generation, though its performance has improved in recent years.
Our Solution
GlobalData worked with Utility-1 to construct details models forecasting emissions from each of their assets.
Estimating emissions factors enables us to forecast company or asset-level CO2 emissions for electricity generation.
These emissions factors ensure close approximation to calculate Utility-1’s emissions from their assets. We confirmed this with the appraisal that our model’s emission estimation is in line with the reported emissions from the company.
Modelling of Utility-1’s power generation portfolio and emissions suggests that the 2025 target may be reached in 2022 due to the closure of significant coal capacity and increased renewables generation.
Based on estimated generation and emission factors, we have forecasted Utility-1’s emissions until 2025.
Utility-1 is expected to decrease emissions from 2021 to 2025 by CAGR of -6.1%.
By 2025, Utility-1 is expected to have made 78% of the reduction in emissions intensity required to meet its 2030 target. However, the majority of emissions will still be coming from coal plants, and phase-outs may need to be brought forward to achieve the target.