At EDF, we realize that today’s consumers expect two things from their energy company: a reliable power supply at a reasonable price; and concrete steps to reduce the carbon footprint of the energy they use. That’s why we provide our customers around the world with low-carbon electricity—an affordable solution that helps protect the environment and stem climate change.
Our low-carbon electricity is made possible thanks to our unique “energy mix”—the optimal combination of different types of fossil-free power sources: nuclear, which can assure large volumes of continuous electricity; and, to an increasing extent, renewable energies like wind, solar, and hydropower that step in whenever climate conditions permit.
Our goal is to be a best-in-class energy supplier serving not just our customers, but all of our stakeholders—which includes anyone hoping for a greener tomorrow. And to help us achieve this goal we’ve set ourselves an ambitious objective: to be the biggest electricity company in the world by 2020 with 200 GW of installed capacity.
Electricity, the clean response to insatiable global demand
As economic development lifts millions of people out of poverty and a growing middle class and manufacturing industry emerge in populous countries like India, China, and Brazil, demand for energy will explode. Not to mention the already voracious energy appetite in developed countries—financial crises notwithstanding—whetted even further by new technological advancements, especially in telecommunications.
The International Energy Agency (IEA) predicts global energy demand to skyrocket 75% between 2007 and 2030, ballooning from 19.756 TWh to 34.292 TWh; the same agency says energy demand could even double. Over 80% of this growth is expected to come from emerging countries, led by China and India, as their economies mature. In the developed world, France’s national grid operator has indicated that new power generation capacity, mainly from renewable sources, will be crucial for meeting the country’s robust demand.
Cutting GHG emissions with low-carbon electricity
There is no question that low-carbon electricity will play a key role in the fight against climate change. If nothing is done to break the world’s addiction to fossil fuels (read: oil and gas), annual greenhouse gas emissions could double—further eroding the hole in the ozone layer and accelerating global warming.
That’s why we at EDF are committed to generating low-carbon electricity from an energy mix comprised of both nuclear and renewable sources. We are convinced that it is the only responsible way to meet rising demand from the developed and developing world. And we are not alone—an increasing number of experts agree that a mix of different types of (preferably renewable) energies is the only way forward if we want to couple economic development with the protection of our exhaustible natural resources.