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Climate Action 2007-2008

ENERGY 140 Some may

ENERGY 140 Some may simply regard circular economy as waste recycling, yet the fundamental goal is to systematically prevent and reduce wastes in the industrial process. DOT COM BUBBLE OR REAL BOOM? Author Organisation Enquiries @ VISIT: WWW.CLIMATEACTIONPROGRAMME.ORG

The EDF Climate Change Policy EDF has a long-standing commitment to sustainable development. As one of the world’s premier energy firms, EDF wants to be part of the solution to the climate/energy challenge the world is facing. One of the objectives for EDF is to remain the company releasing the least amount of CO2 per kWh of the seven major European electricity companies through the optimisation of its energy mix, through its investment choices and through the creation and promotion of commercial offers and advice for energy efficiency for all its customers. EDF aims to replace current end of life power plants with competitive generating units releasing little or no CO2 in line with national policies, through R&D focusing on generation technologies and promoting in the same time the high-efficiency use of electricity in households, industry and transport. EDF Group in Europe : learning the carbon market The corporate leadership of the Group designs its overall strategy around the requirements of particular national circumstances. Considerations of carbon constraint are integrated within the risk policy of each entity of the Group in order to optimise the use of generation units. Synergies are activated appropriately. A Carbon Fund managed by EDF-T, our trading company, has been set up in order to cover a part of the CER’s needs. Also, carbon constraints are included in analysis of investment portfolios. In Europe, our new investments will be strongly driven by the existing and emerging regulation in place. Accordingly, CO2 externalities will be taken into account in a straightforward manner. Some insight in our present investments EDF France has decided on an ambitious programme of €40 billion of investments over the next five years. Its generation investment choices are directed by the objective to continue emitting the least of the seven leading European electricity companies. The CO2 emissions of the generation fleet are less than 0,05 t/MWh in France and 0,125 t/MWh for the Group as a whole. In comparison, the other leading European electricity companies average over 0,400 t/MWh. A new 1650 MW nuclear reactor, the Flamanville EPR, will be operational in Normandy in 2012. EDF is also involved in the recent international nuclear revival. New investments in France, Italy and the UK, will be made for fossil-fired generation. The Group is developing the next generation in fossil fired technologies, notably by developing clean technologies, such as clean supercritical pulverized coal, highly efficient combined cycle systems. EDF is developing a major renewable energy program to create 3300 MW of mostly wind power by 2010, mainly in Europe. The project represents an investment of about €3 billion. EDF is also considering wind projects in China. Tenesol, of which EDF owns 50 per cent, is investing in solar energy in combination with EDF’s plans to grow these technologies. Finally EDF is investing in a 1000 MW dam at Nam Theun in Lao, which will be operational by the end of 2009, providing electricity to the people of Lao and Thaïland. Recent commitments and future investments Last July EDF SA signed a joint statement within the Global Compact (“Caring for climate”) that highlights the importance of climate commitments. EDF is presently committing to reduce its CO2 absolute emissions in France by at least 20% by 2020 compared to 1990 (averaged climatic years). Moreover, EDF Energy took its “Climate Commitment” which stipulates that reducing specific CO2 emissions by 60 per cent in 2020 compared to 2006. Outside Europe new investments will be scrutinized through different criteria such as contribution to the climate policy of the country, efficiency, clean coal technologies, and the ease of upgrading to CCS technologies. Preparing the future with R&D EDF’s R&D teams also work on energy issues, such as the depletion of natural resources, climate change and nature conservation. Efforts focus on planning ahead for the new energy landscape, by developing energy efficient technologies and services in houses and buildings, cooperating to grow renewable infrastructure and to make these technologies more efficient and cheaper. EDF devotes almost €400 million each year to research and development. Two-thirds of this budget is assigned to carbon free technologies research. EDF is further investing in CCS technologies to reduce the impact of the existing world fossil fuel dependence.