EP100 companies avoid release of 328Mt of CO2

EP100 companies avoid release of 328Mt of CO2
18 November 2020

The Climate Group’s  EP100 Progress and Insights Report 2020 tracks the rapid progress of energy-smart member companies improving their energy and productivity. It reveals that by using the latest technologies, improving processes, and digitising use, just 33 EP100 companies have avoided 328Mt of CO2 equivalent (CO2e) to date – more than the annual emissions of France. The transition is also good news for business, with a total of US$200m in savings saved annually by the 22 companies able to cost up their energy savings.

Members of the EP100 include Dalmia Cement, UltraTech Cement and Yanbu Cement. Research by the International Energy Agency (IEA) shows that to avoid the most severe impacts of climate change, energy efficiency will need to deliver around half of the emissions cuts required by 2030. The report details the following findings:

Fast action
• 62 per cent average progress towards EP100 goal
• 6.2 per cent average annual improvement in energy productivity – twice the pace recommended by the United Nations
• 3 in 4 members ahead of schedule

Carbon savings
• 328Mt CO2e avoided to date – more than France’s annual emissions
• 57Mt of CO2e avoided in the last year – equivalent to taking over 12 million cars off the road for a year

Energy savings
• 936TWh of energy saved to date – equivalent to almost three times as much electricity used in the UK every year

Cost savings
• US$200m combined cost  savings annually

EP100 brings together a growing group of energy-smart companies improving their energy productivity to lower their emissions and improve their competitiveness. EP100 is led by the Climate Group in partnership with the Alliance to Save Energy. Its mission is to lower global energy demand and accelerate the clean energy transition. 

Published under Cement News