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Please finds COGEN Europe press release on role of cogeneration in CO2 reduction:

IPCC confirms role of CHP in long-term CO₂ reduction 

PRESS RELEASE: Brussels, 22 April 2014
COGEN Europe welcomes the Intergovernmental Panel on Climate Change’s (IPCC) recognition (with strong agreement) of the key role played by combined heat and power (CHP) in reducing greenhouse gas emissions from energy supply. Marking the contradiction between this finding and the direction of some EU member states’ policy on CHP, COGEN Europe warns that the current situation risks undermining even existing gains. The Working Group III contribution to the IPCC’s Fifth Assessment Report[1] shows that global GHG emissions have risen to unprecedented levels[2] despite a growing number of policies to reduce climate change. Emissions grew more quickly between 2000 and 2010 than in each of the three previous decades. In its consideration of mitigation approaches for different sectors, the IPCC report concluded there is “robust evidence” and “high agreement” that “GHG emissions from energy supply can be reduced significantly by replacing current world average coal-fired power plants with modern, highly efficient natural gas combined-cycle power plants or combined heat and power plants”. Indeed, “delaying mitigation efforts beyond those in place today through 2030 is estimated to substantially increase the difficulty of the transition to low longer-term emissions levels,” the IPCC report warned. In Europe there are signs of further mitigation delay and loss of opportunity. Industrial CHP is facing difficulties in several European countries due to a combination of circumstances, including extreme fluctuations in electricity prices, overcapacity in much of the electricity market and high gas prices, which make industrial CHPs particularly challenging to operate in the near term
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