[ News listing ](/en/newsroom/news " News listing") 15 Jan. 2024 **On the occasion of Veolia’s "Deep Dive Energy", an exclusive event held in London on January 11, 2024, the Group announced an unprecedented investment of 4 billion euros by 2030 in local decarbonizing energy, aimed at revolutionizing the global energy landscape. Spearheaded by Estelle Brachlianoff, Veolia's Chief Executive Officer, this approach is part of the fight against energy waste and the optimal exploitation of untapped local reservoirs, offering considerable potential to meet the challenges of** [**decarbonization**](/en/media/planetlive/what-is-decarbonization "What is decarbonization?") **and energy self-sufficiency. Veolia's vision and its unique positioning in the energy value chain position the Group as a driving force for ecological transformation, calling for global action on a local scale to meet and exceed the COP 28 targets.** ## A response to the energy transition’s challenges At a time when the global energy landscape is changing, Veolia is taking the lead with a massive financial commitment of 4 billion euros between now and 2030 to the development of decarbonizing local energy. **Estelle Brachlianoff, CEO of Veolia,** emphasizes the importance of this initiative: "We can no longer afford to waste or lose energy." These investments thus support Veolia's ambitions for [local decarbonizing energy production](/en/planetlive/local-loops-of-energy "Local loops of energy"). Veolia, already a major player in water, waste and energy, is positioning itself as a key catalyst in the transition to local decarbonization of energy. The Group has estimated that Europe alone already has **over 400 GW of untapped local energy reservoirs,** offering considerable potential to meet growing needs while reducing dependence on fossil fuels. ## Veolia's ambitions for 2030 in local decarbonizing energy By 2030, the Group's ambition is to become **number one in heating networks in Europe, number one in** [**energy efficiency**](/en/resources/energy-efficiency) **services in Europe and the Middle East,** while increasing Veolia's bioenergy and renewable energy capacity **by 50% to 8 GW.** Finally, the Group plans to increase its [**flexible**](/en/energy/electrical-flexibility-ensure-network-reliability "Electrical Flexibility to ensure network reliability") **capacity by 50% to 3 GW.** ### Veolia's three pillars in decarbonizing local energy: ### BIOENERGY & RENEWABLES, FLEXIBILITY & ANCILLARY SERVICES **Decarbonizing local energy** **Green energy supply** ### DISTRICT HEATING AND COOLING NETWORKS **Urban energy infrastructure** ### ENERGY EFFICIENCY FOR BUILDINGS AND INDUSTRY **Energy performance contracting** The Group will respond to growing customer demand by increasing its capacities in the three key areas identified by Veolia. With its significant financial commitment as leverage to attract further investment, the Group is positioning itself as a driver of ecological transformation, helping to radically change the game in water, waste and energy management. ## A call to concrete action With the local decarbonizing energy market estimated at 500 billion euros, Veolia intends to play a leading role in accelerating the development and implementation of crucial local energy decarbonization and greening solutions. **Estelle Brachlianoff points out:** *"this untapped resource could cover the consumption of a country with a population of around 50 million, or significantly reduce the European Union's dependence on imported fossil fuels."* **With already over 10 billion euros of sales in the energy sector by 2022,** the Group is setting ambitious targets to increase this share, with a focus on value-creating projects. Estelle Brachlianoff emphasized the need for regulatory support to maximize the impact of these initiatives, saying, *"At Veolia, we already have the capacity to achieve ambitious targets and grow our portfolio, but with facilitating regulatory support, we can do even more."* She calls for collective action to exceed the ambitions of COP 28 and stresses the urgency of global action at the local level. **> Find out more about Veolia's commitments announced at COP 28:** - [Deployment of Net Zero Water](/en/our-media/news/estelle-brachlianoff-cop28-our-common-goal-needs-be-net-zero-water "Estelle Brachlianoff at the COP28 : “Our common goal needs to be net zero water” ") - [1.6 billion investment to phase out coal in Europe](/en/our-media/news/estelle-brachlianoff-cop28-we-are-investing-eu16-billion-get-europe-out-coal "Estelle Brachlianoff at COP28: "We are investing €1.6 billion to get Europe out of coal"") *"With 400 GW of untapped potential that could save us from importing fossil fuels, we're accelerating the development and implementation of local energy decarbonization solutions. At Veolia, we already have the capacity to meet ambitious targets and grow our portfolio, but by breaking through regulatory barriers, we can do even more. The time for global action on a local scale has come".* **Chief Executive Officer, Veolia.** ![Estelle Brachlianoff, CEO of Veolia](/sites/g/files/dvc4206/files/styles/default/public/image/2022/12/Estelle-Brachlianoff-veolia-comex-292x300.jpg.webp?itok=6BprjRJ1) #### Read the latest issue of Veolia's "PLANET" magazine, dedicated to innovation and energy within the Group. ![](/sites/g/files/dvc4206/files/styles/publication/public/image/2022/10/Planet-Energy-Transition-EN-220x272%E2%80%AC.jpg.webp?itok=G8Niu0rX) #### INNOVATION IS PEOPLE | Frontline Energy transition 21 October 2022 Planet Magazine #24 [ Planet Magazine Energy Transition ( PDF - 4.55 MB ) ](/sites/g/files/dvc4206/files/document/2024/01/energy-transition-veolia-planet-magazine.pdf "Planet Magazine Energy Transition ") #### Discover local decarbonizing energy by Veolia: [ ![Local decarbonizing energy Veolia](/sites/g/files/dvc4206/files/styles/content_push_teaser/public/image/2024/01/energie-veolia-news-320x245_0.jpg.webp?itok=WAZIgwY0) ](/en/veolia-group/strategic-program-2027-greenup/greenup-in-action-local-decarbonizing-energy "Local decarbonizing energy") [Local decarbonizing energy](/en/veolia-group/strategic-program-2027-greenup/greenup-in-action-local-decarbonizing-energy "Local decarbonizing energy") [Read more](/en/veolia-group/strategic-program-2027-greenup/greenup-in-action-local-decarbonizing-energy "Read more")