Climate change is one of the greatest challenges facing mankind today. Observations and calculations provide evidence of the connection between climate change and emissions of greenhouse gases as a result of human activities. Increasing average temperatures, rising sea levels, the increase of extreme weather events, such as torrential rain, drought, and extreme heat are indications of changes in our climate. As well as limiting greenhouse gas emissions, we also have to adjust to the changes.
On December 2015, the signatories to the Paris Agreement agreed to combat climate change and its consequences. The agreement includes a global plan of action to keep the global temperature rise this century well below 2 degrees Celsius above pre-industrial levels in order to minimize the risks associated with climate change. It is hoped that worldwide greenhouse gas emissions will soon reach a peak, although less developed countries have been given more time. Parallel to this, the states want to increase their ability to adapt to the changing climate and to provide international support to help less developed countries face the challenges of climate change.
Examples of our contribution
- Since we have already reached our reduction targets for greenhouse gases before 2020, we have set ourselves a new, ambitious reduction target for CO2 emissions within the scope of our climate strategy (see below) and have introduced a carbon pricing system for all investment decisions.
- We generate about half our sales with products that make a demonstrable contribution towards improved resource efficiency in use. In life cycle assessments, we have determined for four of these products that over their lives these products will save at least 100 million metric tons of CO2 emissions annually compared to conventional technologies.
- In Marl Chemical Park, together with our partner Siemens, we will build a new, high-efficiency, modern gas and steam turbine power plant. This will reduce our CO2 emissions by up to a million metric tons per year: The new power plant will replace the last coal-fired power plant in Marl Chemical Park.
- We are increasing the energy efficiency of our plants through the use of combined heat and power plants and the development of integrated systems between chemicals production and energy generation in addition to many different technical and organizational measures.
- In a joint project together with Siemens (Rheticus) we want to generate valuable specialty chemicals from carbon dioxide and green energy through “artificial photosynthesis”.
- Reduce absolute CO2 scope 1 and scope 2 emissions by 50 percent by 2025 based on 2008
Target attainment 2019: Since 2008, we have reduced our emissions by 42 percent