Reducing greenhouse gas emissions in order to mitigate climate change is one of the main drivers of our business. By replacing fossil based energy with renewable energy, OX2 and the renewable energy sector have an inherent and clear climate handprint, in other words a positive impact on the world. However, no electricity production is without a climate footprint. We believe that it is important to focus on minimizing the climate footprint as well as to stay relevant in a low-carbon economy and to power the great shift.
Compared with many other types of power, wind and solar power has a very small negative impact on the environment. As wind turbines use the energy contained in the wind to generate power, this avoids emissions to the land, air or water. However, establishing a wind farm is not climate neutral. Emissions in manufacturing, transport, road building and logging have an impact on the climate.
Although there are CO2 emissions associated with the construction, transport, operation and dismantling of wind turbines these emissions are paid back in less than one year of operation. The greatest emissions come from deforestation and the construction of roads as well as hardstands. We have identified a number of key activities for reducing emissions. These include, for example, using quarries within the local area of the wind farm to reduce transport, using existing roads as much as possible, felling trees as little as possible and replanting trees on roades that are not used.
Science based target
OX2 has committed to reducing absolute scope 1 and 2 emissions by 42% by 2030 and to measure and reduce Scope 3 emissions.
The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) that drives ambitious corporate climate action by enabling companies to set science-based greenhouse gas emissions reduction targets. Find a list of companies taking action on the SBTi website.
- Increase our climate handprint by increasing the access to renewable energy
- Reduce our climate footprint in line with the Paris Agreement and the 1.5°C ambition (validated by the Science Based Target initiative)