Mercedes-Benz aims to halve its CO2 emissions by 2030, the carmaker said on Monday, providing a half-way goal to its existing target of becoming CO2 neutral by 2039.
The Mercedes-Benz logo is seen at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmethaaims to halve its CO2 emissions by 2030, the carmaker said on Monday, providing a half-way goal to its existing target of becoming CO2 neutral by 2039.
The company will also work towards covering 70% of the energy it needs for production with renewable energy by 2030, up from 45-50% at present, it said. Around 15% of this energy should come from solar and wind plants on or linked to Mercedes-Benz' own sites, production chief Joerg Burzer said in a presentation.The rest will be sourced through so-called Power Purchase Agreements , where power producers are paid to generate a certain amount of energy over a number of years at a set price.
The carmaker is in advanced discussions to purchase additional wind energy through PPAs worth a billion euros by 2025, Burzer added. For now, Mercedes-Benz still relies on gas as a back-up supply source. "We obviously still need the gas," Burzer said. "We are working on minimising that."Reporting by Victoria Waldersee Editing by Paul CarrelSubscribe to our sustainability newsletter to make sense of the latest ESG trends affecting companies and governments.
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