Today, our company’s GHG emissions total around 1.1 billion tons across all scopes. More than 99 percent come from scope 3 downstream – the emissions from our products like gas turbines in the hands of our customers over their entire lifetime. By 2030, we want to reduce these emissions by 28 percent, compared to 2019, in order to keep in line with a pathway well below 2 °C – the goal adopted in the Paris Agreement. Beyond that we aspire to reach net zero across the value chain in line with a 1.5°C pathway in the long-term.
Currently, most of our turbines are still powered by natural gas, which explains our still high carbon footprint. In the future, however, we expect that more and more clean hydrogen will be added, or biogas will be used. But it is difficult to predict how clients will use our gas turbines. Will they turn to low carbonfuels, and if so, when? Which of the alternative fuel solutions will materialize on a major scale?