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Decarbonization of the energy mix

7AFFORDABLE AND CLEAN ENERGY

Ensure access to affordable, reliable, sustainable and modern energy for all

13CLIMATE ACTION

Take urgent action to combat climate change and its impacts

In 2015 in Paris, 196 parties agreed to the United Nations Framework Convention on Climate Change (UNFCCC), the agreement which essentially aims to limit the increase in global temperature to below 2 °C and to take action to not exceed 1.5 °C.
The Paris Climate agreement represents a great opportunity to contribute to the transition towards a sustainable global economic model which is more respectful of the environment and can create growth in synergy with the local areas, as part of communities and diversity.
The decarbonization of the energy mix by 2050 is, therefore, a key element and is one of the four strategic ESG (Environmental, Social and Governance) pillars of Enel, together with responsible relationships with communities, the valorization of the people who work at the company, and innovation and operational efficiency.

A strategy based on a long-term vision which translates into concrete objectives:

  • reduction of 25% by 2020 in the intensity of CO2 emissions compared to the levels of 2007;
  • investments in the renewables sector of 5.2 billion euro in the period 2017-2019;
  • new capacity from renewable sources of around 8 GW1 by 2019;
  • gradual and selective reduction in thermoelectric power plants in the various countries where present;
  • research and development of new low carbon technologies in the Open Power approach, involving internal and external stakeholders.

The action to combat climate change is also one of the four United Nations Sustainable Development Goals to which Enel is committed, together with that on access to energy, access to education and the contribution to the social and economic growth of the communities in the countries where it operates. Besides the actions affecting the generation mix, Enel is active in the sectors of the energy efficiency, innovation and digitalization, relying on a transparent and robust system of governance. In particular:

  • smart networks and digitalization: Enel has shown its leadership not only with smart meters but also in the automatic and smart management of networks by integrating innovative technologies;
  • distributed generation and isolated networks: Enel is engaged in the field of offgrid electrification with various initiatives in Africa, Latin America and Asia;
  • increasingly efficient generation from renewables: Enel will increasingly integrate renewables into its generation mix and will contribute to maximizing the efficiency of the individual technologies, and to developing hybrid systems, such as that at Stillwater in Nevada (USA) which integrates geothermal, photovoltaic and thermal solar technologies;
  • increase in energy efficiency through the use of electric technologies: Enel is particularly engaged in the field of developing electric mobility, through participation in international research projects (for example, EVA+), the realization of smart charging infrastructure (for example, V2G technology), and active collaboration with key stakeholders. At the same time, as a utility which provides services to end users, Enel promotes the dissemination of efficient electric equipment and digital control and management technologies for consumption which improve consumers’ response and behavior.

In this scenario, the circular economy, which combines growth and environmental sustainability, is a cross-cutting element of the decarbonization process.

1 The 8 GW growth in renewable capacity is due for 6.7 GW to organic growth (including the BSO model) and the remainder to non-organic growth.

Reference SDGs: 
Main actionsTargets
Development of renewable capacity

~+8 GW of additional renewable capacity in the 2017-2019 period

Reduction of thermal capacity-10.3 GW in the 2017-2019 period
Specific CO2 emissions reduction

<350 gCO2/kWheq by 2020 (-25% base year 2007)

Environmental retrofitting* of selected plants

~500 million euro in investment in the 2017-2020 period

Sustainability Plan 2017-2019