Moving Energy
Efficiently
As a part of the company’s Energy Transition commitments, Gunvor is growing its power business throughout Europe and the United States.
Electrification
Wind, solarSolar In the context of energy commodities and power generation, "solar" refers to the utilization of energy from the sun to produce electricity or heat. This process is harnessed through... Read more, renewables**Renewables** Renewables, short for renewable energy sources, refer to energy that is collected from resources that are naturally replenished on a human time scale, such as sunlight, wind, rain, tides,... Read more, nuclear
Increasing
Gunvor has been actively involved in environmental markets since 2009, mainly through its participation in Clean Development Mechanism (Kyoto ProtocolThe Kyoto Protocol is an international agreement linked to the United Nations Framework Convention on Climate Change (UNFCCC), which commits its Parties by setting internationally binding emission reduction targets. Recognizing... Read more) projects under the supervision of the United Nations, as well as in the European Emissions Trading SchemeThe European Emissions Trading Scheme (EU ETS), also known as the European Union Emissions Trading System, is a cornerstone of the European Union's policy to combat climate change and a... Read more (EU ETS), which is considered a cornerstone of the EU’s policy to combat climate changeClimate Change Climate change refers to the long-term alteration in the average weather patterns that have come to define Earth’s local, regional, and global climates. These changes have a broad... Read more and for reducing greenhouse gas emissionsGreenhouse Gas Emissions Greenhouse gas emissions refer to the release of gases into the Earth's atmosphere that are capable of trapping heat and thus contributing to the greenhouse effect, which... Read more.
As a part of its function, Gunvor’s Emission’s team manages and optimizes the CO2 exposure of the company’s three European refineries. The team draws on its deep understanding of environmental regulations to propose carbon hedgingHedging Hedging is a risk management strategy employed to offset potential losses in investments by taking an opposite position in a related asset. In the context of energy commodities trading,... Read more and pricing solutions to industrial counterparts.
