We are in the most important decade to take action on climate change. In line with the global Paris Agreement, Perú has made a commitment to reduce carbon emissions by 40% by 2030 and to reach net zero carbon by 2050. Companies from all sectors, as well as citizens, are part of this global commitment and we must act now.

In this context, there has been great concern from many sectors about how to achieve the energy transition and how to reduce their carbon emissions through the efficient and sustainable use of energy. At ENGIE, we have also made a commitment to act to accelerate the energy transition to carbon neutrality by 2045, ensuring that this process maintains the stability of the electricity system and is a fair transition.

How do we build a sustainable future through a just energy transition?

The key is to increase renewable generation by seeking the balance of the “Energy Trinomial”.

1. Security: stable supply with the least amount of interruptions to ensure operational continuity.
2. Economic Efficiency: energy at the lowest cost to facilitate business profitability and investments in new renewable projects.
3. Environmental commitment: reduction of greenhouse gas emissions.

Currently, the market seeks to achieve these three goals when contracting its electricity supply: greater reliability, lower cost, and non-pollution. However, there is currently no generation source in Perú or in the world that meets these three objectives 100%.

Therefore, working today on the energy transition requires incorporating different renewable sources into the system and complementing them with low-carbon sources, in order to achieve the highest level of security and economic efficiency, while maintaining environmental commitment.

In this sense, in Peru, natural gas acts as an articulator of the energy transition, as it is the lowest carbon hydrocarbon that exists and one of the most economical energy sources in Peru; in addition to providing security of supply and generating benefits in other sectors of industry and domestic consumers. Moreover, natural gas makes it possible to increase the development of renewable generation, since it maintains the stability of the system while new technological alternatives are explored, which will allow a continuous response to demand without carbon emissions in the future.

It is essential that this transition is planned with a systemic and comprehensive approach to the economy for sustainability, including measures to generate new green jobs to reduce the impact of this change on workers and communities.

At the ENGIE Group, we have a team of more than 700 researchers around the world dedicated to developing and exploring new technologies that will enable us to achieve carbon neutrality and help our customers in their own transition. In parallel, for Perú alone, a portfolio of renewable projects of more than 1,000 MW will be progressively incorporated into the system.

ENGIE’s goal?

Net zero carbon by 2045 in all our business lines worldwide.