At my company, Dow, we understand and embrace our responsibility to reduce global carbon emissions. With that said, the challenge to decarbonize is significant but achievable. To give you a sense of the scale required for us to decarbonize in order to make our products, we produce more than 7 GW of power and steam that fire more than 50 gas and steam turbines and boilers. Moreover, we have more than 100 furnaces at 30 major manufacturing sites worldwide.
Dow has already reduced our greenhouse gas emissions by 15 percent since 2005, and we are on track to reduce emissions another 15 percent by the end of the decade on our path to carbon neutrality by 2050. Our use of clean energy has contributed significantly to our current progress, as we are one of the top 20 users of renewable energy among global corporations, having secured more than 900 MW of renewable power. While we will continue to pursue renewable energy, there’s a limitation in the ability for renewables to support our decarbonization efforts.