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Climate Vision 2050 Climate Vision 2050 Climate Vision 2050

Climate Vision 2050

Our climate change journey began back in 2004 and our Climate Vision 2050 was first published in 2007. Over the years, our commitment and the associated targets have been reviewed several times to ensure they are adequately progressive and can contribute to the transition to a low carbon future. In 2018, we announced a set of new targets for carbon emissions intensity, and renewable and non-carbon emitting capacities.

In 2017, to galvanise the positive momentum created by the successful ratification of the Paris Agreement on climate change, we reviewed our Climate Vision 2050 roadmap one year earlier than planned.

We carried out scenario analyses to test the impact on our business of varying speeds of transition to a low carbon future in the markets where we operate, along with different choices we may make in implementing our strategy. Based on business plan projections, the regional context for energy market development and technologies that exist today, we developed scenarios of varying ambition on how our business would look under ‘slow’, ‘medium’ and ‘fast’ transition scenarios

Our targets

Our climate change journey began back in 2004 and our Climate Vision 2050 was first published in 2007. Over the years, our commitment and the associated targets have been reviewed several times to ensure they are adequately progressive and can contribute to the transition to a low carbon future.

CLP’s Climate Vision 2050

In 2018, we announced a set of new targets for carbon emissions intensity, and renewable and non-carbon emitting capacities.

  • Tightening of our cornerstone carbon intensity reduction target from 75% to 82% by 2050 (compared to 2007);
  • Developing new interim carbon intensity reduction targets of 40% by 2030 and 60% by 2040 (compared to 2007), while taking away the carbon intensity reduction target of 46% by 2035 to align with international convention; and
  • Establishing a renewable energy target of 30% and a non-carbon emitting target of 40% by 2030.
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