Power engineering and low-carbon strategy

At present, the term “Low-carbon strategy” is being promoted to an increasing extent in connection with the power engineering.

The Slovak power engineering policy approved by the government as early as in 2014 states that its strategic goal is “achieving of a competitive low-carbon power engineering providing safe, reliable, and efficient supply of all sources of energy for affordable prices with respect to consumer protection and sustainable development“.

The Slovak 2030 low-carbon strategy development with 2050 outlook (hereinafter “the strategy”) approved in March 2020 defines a goal to select and analyze measures in a cost-effective way, wherein a support by relevant departments and state and public administration would be inevitable for implementation of the same, and what’s important is that the policies and other unrelated policies are complementarily red lined and consistent either among the departments as well as within the departments.

The strategy is a cross-cutting document across all sectors of the economy, which need to adapt individual policies so that they are mutually complemented towards the common goal of full decarbonization of Slovakia by the mid of the century.

Naturally, our company as being one of the biggest chemical plants in Slovakia and Europe wishes to be a part of implementing of said strategy, and to contribute by its partial measures in long-term horizon to perform the goal of the strategy, which is achieving the climate neutrality by 2050.

The measures under said strategy may be classified into the following basic areas:

  • Reduction of greenhouse gas emissions (2030 Slovak goal is –20%)
  • Improving of energy efficiency (Slovak goal is at level of 30.3%)
  • Increasing of the share of renewable energy sources in total consumption (2030 Slovak goal is at level of 19.2%)