Energy company Uniper aims to be climate neutral by 2050

Energy company Uniper aims to be climate neutral by 2050

Germany’s Uniper, formerly the fossil arm of E.ON, plans to be climate neutral by 2050. By 2030, half of all emissions should be gone by now, the company says in a vision it published this week. Uniper takes care of all forms of emissions, including the emissions that come from the use of electricity.

The promise means that by 2030 all Uniper coal-fired power stations (currently there are 7 gigawatts of capacity) will have to close. In the meantime, the company is investing in green hydrogen and renewable energy projects, such as wind and solar farms. Such projects should mainly be in Germany, the United Kingdom and the Netherlands, where Uniper already has a number of assets. Until all power supply is sustainable, Uniper will invest more in gas, which has lower emissions than coal. The decision is not only good for the climate; coal is also becoming an increasing risk in business.

Hydrogen

Uniper calls itself one of the pioneers of hydrogen, and green H2 will play an important role in the path to climate neutrality. Because the German company also has experience in chemistry, it can be involved in the hydrogen chain from production to a customer. That should ensure that the company can make hydrogen large. As an example, Uniper mentions the production of methanol from green hydrogen, which can then be supplied to the Swedish chemical company Perstorp.

By 2050, the German energy supplier does not only want to reduce its own business emissions to zero. The so-called scope 3 emissions, which are caused by the use of the products that a company supplies, also count. This means that emissions from chemicals, or burning in machines or cars, also count. That is one of the reason why hydrogen is important for the climate strategy: without gas, it is often difficult to green industry or (heavy) traffic.

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