Products Services Investor Media Careers About Sustainability Climate Crisis Stabilizing climate change demands immediate intervention The climate crisis is urgent. It is imperative that the world takes action to stop our average global temperature from increasing by more than 1.5⁰C. To avoid exceeding 1.5°C in the next decades, IPCC estimates show that we must deliver immediate, rapid, large-scale reductions in greenhouse gas emissions to stabilize climate change and achieve net zero CO2 emissions. Emissions must decline faster If emissions had peaked in 2000, the 1.5°C limit would have been achieved with an average annual GHG emission reduction of 3%. Starting now requires that GHG emissions must decrease by 7.6% every year until 2030. Sustainable energy transition is key Energy production is the single largest contributor to climate change, accounting for around 60% of total global greenhouse gas emissions. Although the electricity sector is decarbonizing, as the decreasing carbon intensity of electricity proofs, overall energy emissions from fossil fuels keep increasing. Speed up electrification There is an urgent need for comprehensive electrification. It is the most cost-effective and energy-efficient way to reduce CO2 emissions in the transport, heating and cooling sectors, as well as industries. Heavy industries in particular will increase the demand for renewable electricity and energy in their production processes. COP26 31. Oct. - 12. Nov. 2021 As the world leaders prepare for COP26 in Glasgow, the urgency to deliver viable solutions increases. In essence, we need to drastically scale up the deployment of renewables to address the climate emergency. At Vestas we support the clear message coming from Global Wind Energy Council (GWEC). The wind sector is intensifying its call for urgent climate action leading up to COP26. The wind industry has the technology and investors - and companies are eager to switch to clean energy, but for maximum impact we need governments to be fully onboard. Vestas is part of the initiative The Global Wind Energy Coalition for COP26, led by GWEC - a multi-stakeholder group of leading wind companies and associations from across the globe, committed to ramping up wind power capacity to limit impacts of climate change. We must: Move from talking to action Install wind energy three to four times the current pace Simplify and speed up permitting procedures Invest in grid and infrastructure Revamp the energy market Read more Vestas Wind Systems A/S Hedeager 42 8200 Aarhus N, Denmark +45 97 30 00 00 Company reg. no. 10403782 Contact us CONTACT Find Vestas The IR team Press Office PRODUCTS EnVentus™ platform 4 MW platform 2 MW platform Offshore solutions Services ABOUT Who we are Our values Report to EthicsLine NEWS Media overview Discover all blogs Social Media Current share price 213.70 +0.66% November 24, 2021, 16:59 GMT+1 See financial report ©Vestas 2021 All rights reserved Privacy Policy Site Disclaimer Wind. It means the world to us.™