| Contents | Search | Excel |
Climate Change and Emissions Trading
Edison is sensitive to the problems of climate change and is actively engaged in this area. In recent years, in addition to steadily upgrading its conventional power plants, Edison has commissioned new facilities that are powered with renewable sources and plans to expand further in this area. Edison’s commitment in this area is also demonstrated by its support for the Carbon Fund and the CDM (Clean Development Mechanism) projects, which were developed as part of the Kyoto protocol to encourage sponsors to finance important sustainable development initiatives in the developing countries in exchange for emissions reduction credits. As a result of this strategy, Edison has significantly reduced its spot market purchases of emissions credits, choosing instead to increase its support for environmentally and socially sustainable programs.
Edison is sensitive to the problems of climate change and is actively engaged in this area. In recent years, in addition to steadily upgrading its conventional power plants, Edison has commissioned new facilities that are powered with renewable sources and plans to expand further in this area. Edison’s commitment in this area is also demonstrated by its support for the Carbon Fund and the CDM (Clean Development Mechanism) projects, which were developed as part of the Kyoto protocol to encourage sponsors to finance important sustainable development initiatives in the developing countries in exchange for emissions reduction credits. As a result of this strategy, Edison has significantly reduced its spot market purchases of emissions credits, choosing instead to increase its support for environmentally and socially sustainable programs.
Energy Efficiency
Even though at this point Edison is not subject to meeting energy efficiency requirements (white certificates), the Company began to operate in this area of business in 2005 when it established Monsei, an energy service company that has already completed a major project in Melfi. Specifically, it uses a 3.5kilometer district heating network to recover heat generated from a neighboring thermoelectric power plant and uses it to heat 20 hectares of greenhouses, which, otherwise, would have required additional energy to be heated.
Even though at this point Edison is not subject to meeting energy efficiency requirements (white certificates), the Company began to operate in this area of business in 2005 when it established Monsei, an energy service company that has already completed a major project in Melfi. Specifically, it uses a 3.5kilometer district heating network to recover heat generated from a neighboring thermoelectric power plant and uses it to heat 20 hectares of greenhouses, which, otherwise, would have required additional energy to be heated.
Development of Renewable Sources
Edison plans to devote major resources to develop new generating capacity from renewable sources. Specifically, the 2007-2012 Investment Plan allocates to this area 480 million euros, or about 30% of the total investments for the period. The main focus of these projects will be on upgrading the generating capacity of hydroelectric power plants and providing a significant contribution to the national plan for the expansion of wind-power generation. In this area, Edison plans to increase its capacity from the 273 MW currently installed to 450 MW. In addition, working through a subsidiary, it will develop a 25 MW co-generating power plant to meet the energy needs of Fiumicino Airport and will revamp a 5 MW power plant that burns wood biomasses in Castellavazza, in the province of Belluno. Lastly, it will follow with great care the development of new photovoltaic facilities, located mainly at Group-owned sites, and will conduct further studies on the use of biomasses as a means of increasing further its “green” energy generating capacity.
Edison plans to devote major resources to develop new generating capacity from renewable sources. Specifically, the 2007-2012 Investment Plan allocates to this area 480 million euros, or about 30% of the total investments for the period. The main focus of these projects will be on upgrading the generating capacity of hydroelectric power plants and providing a significant contribution to the national plan for the expansion of wind-power generation. In this area, Edison plans to increase its capacity from the 273 MW currently installed to 450 MW. In addition, working through a subsidiary, it will develop a 25 MW co-generating power plant to meet the energy needs of Fiumicino Airport and will revamp a 5 MW power plant that burns wood biomasses in Castellavazza, in the province of Belluno. Lastly, it will follow with great care the development of new photovoltaic facilities, located mainly at Group-owned sites, and will conduct further studies on the use of biomasses as a means of increasing further its “green” energy generating capacity.
METHODOLOGY GLOSSARY PROFESSIONAL OPINION
