ST wins on renewable energy target
ST has already made progress towards this goal by following a strategy based on reducing energy consumption while sourcing energy from alternative and renewable sources. A carbon offset programme uses reforestation to absorb carbon from the atmosphere. The company plans to source a greater percentage of energy from combined heat and power (cogeneration) plants that are more efficient and emit less CO2 per unit of energy, and from renewable energies such as wind and solar power that emit no CO2.
By 2010, ST aims to have an energy mix of 55% coming from cogeneration, 30% conventional sources and 15% coming from renewable sources. This will limit the company’s CO2 emissions to the annual level of 2000 during the next 10 years, despite its growth.
The European Community objective for renewable energy by 2010 is to have a share of 12% renewable energy in gross inland consumption.
