Chubu Electric Power Group Report 2021(Integrated Report)
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StrategyScenario selectionI By referring to published data including data published by the International Energy Agency (IEA), we have selected:– a 1.5˚C scenario for assessing risks and opportunities associated with the transition to a carbon-free society, in which the average temperature rise at the end of this century is kept below 1.5˚C from the pre-industrial level; and– a 4˚C scenario for assessing risks associated with physical changes, such as abnormal weather, in which the average temperature at the end of this century will rise by around 4˚C from the pre-industrial level.Scenarios selected1.5˚C scenario4˚C scenarioAnticipated social situations• To keep the average temperature rise at the end of this century below 1.5˚C, greenhouse gas emission regulations will be tightened worldwide through further revision of national environmental policies. (Japan aims for carbon neutrality in 2050.)• Other anticipated developments include an increase in low-carbon and decarbonization investment, an increase in the percentage of non-fossil power due to the expansion of renewable energy and the use of nuclear power, rising needs for using low-carbon/carbon-free energy, progress in car electrification and other technological innovation and electrification in general.• Global efforts will remain insufficient and the average temperature at the end of this century will rise by around 4˚C.• It is also anticipated that abnormal weather, such as extreme storms, will occur more frequently due to a higher temperature.Reference• Net Zero by 2050 of the International Energy Agency (IEA) and the Japanese government’s policy target (achieving carbon neutrality in 2050), etc.• Fifth Assessment Report “RCP8.5 Scenario” of the Intergovernmental Panel on Climate Change (IPCC)U Key milestones in the pathway to net zero (global)Source: IEA’s Net Zero by 2050 (2021)U Electrication rate (global)Source: Created by Chubu Electric Power based on the IEA’s Net Zero by 2050 (2021)1.5˚C scenario20202025203020352040204520504035302520151050–5(Gt CO2)Carbon price (developed countries) (US$/t-CO2)1302052502021No new unabated coal plants approved for development2025No new sales offossil fuel boilers2030Universal energy accessAll new buildings are zero-carbon-ready1,020 GW annual solar and wind additionsPhase-out of unabated coal in advanced economies60% of global car sales are electricMost new clean technologies in heavy industry demonstrated at scale2035204050% of existing buildings retrofitted to zero-carbon-ready levels204550% of heating demand met by heat pumps2050More than 85% of buildings are zero-carbon-readyMore than 90% of heavy industrial production is low-emissionsAlmost 70% of electricity generation globally from solar PV and wind50% of fuels used in aviation are low-emissionsAround 90% of existing capacity in heavy industries reaches end of investment cycleNet-zero emissions electricity globallyPhase-out of all unabated coal and oil power plantsMost appliances andcooling systems sold arebest in class50% of heavy truck salesare electricNo new ICE car salesAll industrial electric motor sales are best in classOverall net-zero emissions electricity in advanced economiesNo new oil and gas fields approved for development; no new coal mines or mine extensions4 Gt CO2 captured7.6 Gt CO2 captured150 Mt low-carbon hydrogen, 850 GW electrolysers435 Mt low-carbon hydrogen,3,000 GW electrolysersElectricity and heatIndustryTransportBuildingsOther201920202030204020500100200300400500(1018J)(FY)Final energy consumptionElectricity demandTotal nal energy consumption andelectricity demand (global)Electrificationrate19%Electrificationrate49%23Chubu Electric Power Group Report 2021Top CommitmentValue CreationClimate ChangeBusiness ActivitiesStrategyGovernanceHuman ResourcesFinancial / Corporate DataDisclosure Based on TCFD Recommendations

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