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Are Power Generation Companies’ actions aligned with the Paris Agreement?
The largest power generation companies are considerably impacting the climate due to their major share of CO2 emissions. Developing renewable energy sources is a key lever to mitigate their impact.
The largest power generation companies (GenCos) globally have a significant impact on climate change accounting for 36% of CO2 emissions in 2023. However, Power Generation Companies are committed to diversify energy sources, with the share of renewables projected to reach up to 90% by 2050, under the stringent climate policies maintained by our scenario EnerGreen. Strategies promoting climate action, and their implementation, are essential levers for achieving the targets set by the Paris Agreement.
That said, what tangible changes have taken place since 2015 amongst the key players?
- To which extent have companies' carbon factors evolved?;
- What measures have been taken to reduce the output of thermal power plants?
- Which GenCos are expanding their solar and wind capacities?
- At what pace, and in what ways, are GenCos from different world regions working to achieve their climate objectives?
Enerdata has compiled essential data and trends regarding power mix and carbon factors since 2015, using our Power Plant Tracker database.
In this session, our expert compared key metrics of major GenCos from 2015 (the year of the Paris Agreement) to today:
- Key figures and developments of the largest power generation companies worldwide
- Strategies for phasing out thermal
- Plans for renewable energy development
- Analysis of carbon factor change
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