The Paris Agreement aims to limit global warming to 1.5 °C.
The EU climate legislation and relevant sector-specific rules (including ETS, RED2, FQD and EED) provide guidance to the industry on how to achieve the Paris Agreement targets. Reinforcement of the regulatory framework is expected given the new European commitments to reduce greenhouse gas emissions by 55% by 2030. We are an active participant in these changes and we monitor the progressive strengthening of climate regulations through the European Green Deal.
PKN ORLEN has addressed those challenges by announcing in September 2020, as one of leaders in Central Europe, an intention to achieve net zero carbon footprint by 2050 . In furtherance of this goal, the Group aims to reduce carbon emissions from its existing refinery and petrochemical assets by 20% and cut down carbon emissions per megawatt-hour of electricity by 33% by 2030. Our net zero emissions strategy is based on four pillars: energy efficiency in production, zero-carbon power generation, fuels of the future, and green finance.