The Methodology of the Enerfip Carbon Calculator

At a time when we must drastically reduce our CO2 emissions to meet the looming climate challenges, the development of renewable energies appears to be one of the most effective levers for action for ecology.

According to RTE's M23 scenario, which aims to significantly reduce France's dependence on fossil fuels, we must multiply our photovoltaic fleet by 12 and our wind farm by 4 by 2050.

To achieve this objective, we need to invest €71 billion per year. It sounds huge, but it ultimately represents only 1.18% of total French savings, which amounted to nearly €6 trillion in the second quarter of 2022**.

Speaking of savings, do you think this money is sleeping, safe and sound in our bank savings accounts? Well, not quite. It's constantly circulating, used by our banks to finance various industries.

Among these investments is the fossil fuel sector. And the findings are telling: the financing activities of the six main French banks generate 7.9 times more greenhouse gas emissions than the whole of France**. Savings therefore represent our largest source of CO2 emissions.

Source: Oxfam

At Enerfip, we want to be as transparent as possible with you!

With us too, money doesn't sleep, but since it's not Used only in energy transition projects, its carbon footprint impact is much less significant.

The carbon footprint calculator was created to show you how much CO2 equivalent your investments with Enerfip emit and to compare them to traditional bank investments.
This article aims to present the methodology we applied to understand the impact of your money with Enerfip.

You can now find the CO2eq impact of your money in the “My Impact” area.

Calculation of the CO2 equivalents emitted by your investments with Enerfip

To be as precise and transparent as possible with you regarding the calculation of CO2eq emissions produced, we have separated the calculation into 2 parts.

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1/ Calculation of “My electricity production”:

By multiplying the total estimated annual generation of the project (KWh) by the amount of your investment in the collection proposed by Enerfip, while dividing the total by the construction costs of the project (CAPEX), we obtain the electricity production in KWh/year that you have enabled to produce thanks to your investment.

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2/ Calculating "My emissions":
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Now that we have your electricity production, we multiply it by the emission factors corresponding to the type of fleet.

An emission factor?

An emission factor is a ratio between the quantity of CO2eq emitted by an activity and a unit quantity. In our case, gCO2eq emitted based on electricity production (KWh)

We chose the emission factors proposed by ADEME to carry out our calculation and observe the changes.

By multiplying these emission factors by your estimated annual production, we obtain your kg CO2eq/year emissions per project.

CO2 emissions emitted by an investment in Enerfip vs. a traditional banktYes, all energy transition projects at Enerfip emit CO2eq! As scientists keep saying, “There is no such thing as free energy,” but we can move towards an evolution.

However, to understand that your money at Enerfip has a real impact on the transition, we suggest comparing them to traditional banks.

In these banks, your money would have a carbon footprint of around 495 kg CO2eq for €1,000 invested according to Oxfam France. On Enerfip, the carbon footprint of your investments is estimated at 43 kg CO2eq (still for €1,000 invested).

On average, the money you invest in Enerfip emits 10 x less CO2eq than a traditional bank.

Invest in Enerfip to reduce the impact of your money.

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3/ Appendix:

Emission factor used in our calculation (ADEME report):

“solar” => 40 g/co2/KWh
“wind” => 13 g/co2/KWh,
“bioenergy” => 30 g/co2/KWh
“hydroelectric” => 15 g/co2/KWh
"heat_network" => 50 g/co2/KWh
"energy_mix" => 40 g/co2/KWh

Estimated annual production—> provided by the project leader Total cost of CAPEX—> provided by our project leader