Vattenfall - 100 year plan

Our 100 year plan

An outline of a framework leading to a low carbon emitting society

Climate change is the overriding environmental challenge of our time. If we fail to come to terms with the problem we will be forced to make dramatic changes in the way we live, but above all it will radically affect the lives of our children and grandchildren.

The challenge is not only long-term, it is urgent that we start acting now. The most pressing need is to create a credible, stable and predictable long-term global framework defining how reductions will be achieved. To address this challenge, Vattenfall has during the last year outlined a global adaptive burden-sharing model for a low carbon emitting society. The model is built on the following principles:

• All countries should participate - participation is a part of being a member of the global community.
• Emission allowances are allocated to each country in relation to its share of global GDP.
• Emission caps should be binding.
• No poor country shall be denied its right to economic development - no extra cost burden on the poorest.
• No rich country shall have to go through disruptive change.
• Richer countries pull a larger weight (emisssion caps do not embrace countries until they have reached a certain economic level; poorer countries with caps get higher allocations compared to richer countries).
• There shall be a level playing field. The proposed framework shall not change relative competitiveness.
• The system shall be robust. As new knowledge is accumulated parametres may change, but not the principles underlying the system.