Electrification for decarbonisation of industry

Striking a balance between economic growth, social progress and climate change

News on climate change is everywhere we turn. Meanwhile, demand for the materials, goods and services that represent the largest shares of CO₂ emissions today continues to rise. Yet positive progress is happening. For example Vattenfall is forming partnerships with other sectors and businesses in all our markets to contribute to global climate goals.

On 4 November 2021, the First Movers Coalition was launched at COP26 in Glasgow by the U.S. State Department and the World Economic Forum. Vattenfall has joined as a founding member and is thereby committing to increasing the share of emerging technologies critical to the net-zero transition in its procurements.

The broader picture

Today we live longer, healthier and wealthier lives than ever before and the world continues to grow at an unprecedented rate. In fact, every year the world's population increases by 83 million people, and by 2050 it is estimated that we will reach 10 billion people.

Meanwhile, people will keep moving to cities – within 30 years 68% of us are expected to live in urban areas. Because of this, the extraction and production of materials will need to continue in order for us to construct more apartment buildings, more railways for our trains and more batteries for our electric cars and mobile phones. At the same time, more people will need to transport themselves, and more and more goods will need to be shipped to consumers across the world.

It is not difficult to understand that a larger population will consume more. However, the challenge in limiting the climate impact from energy production remains. Less evident, but just as important, is the footprint of today’s society: concrete, steel and plastic. The production of these materials is highly carbon intensive and emits large amounts of CO₂ into the atmosphere every year. And demand shows no signs of slowing down.

Over the past 30 years, the annual cement production has quadrupled which means it has gone from nearly 1 billion to over 4 billion tons a year. The last decade also saw a 40% increase in global steel demand, of which 95% was sold in China alone. And despite the global debate on plastics, demand has doubled about every 20 years and global production has gone from 1.5 million tons in 1950 to 322 million tons in 2015.

We are forming partnerships in different fields and industries to reach climate goals.

Electrification as a means to decarbonise industry and transport

Industry, along with transport, stands for the largest share of global emissions today. At Vattenfall, we aim to offer all customers climate smart energy and to enable fossil freedom. For this to happen we work together with other sectors and businesses where electrification can be a means to eliminate or reduce CO₂ emissions to reach climate goals like the Paris Agreement.

Partnerships with industry are effective ways forward to develop new solutions so that we can increase efficiency and reach international climate goals by eliminating some of the major sources of CO₂ emissions. Electrification and fossil free hydrogen are the keys to success.