Xcel Energy is a step closer to achieving one of the most aggressive carbon-reduction goals in the industry. On 22 May, the company announced it cut carbon emissions 35%, according to its newly released Corporate Responsibility Report. This puts Xcel Energy on track to reach or exceed its ambitious goal of reducing carbon emissions 60% by 2030 from 2005 levels.
“We’re on a path to provide a more sustainable, prosperous energy future and believe reducing carbon emissions while enhancing affordability is a tremendous benefit for the customers and communities we serve,” said Ben Fowke, Chairman, President and CEO of Xcel Energy.
Xcel Energy surpassed the US commitment under the Paris Climate Accord in 2016, which called for a 26 - 28% reduction in carbon emissions by 2025. It’s now working to achieve a 50% reduction in carbon emissions by 2022 from 2005 levels.
The company plans to continue reducing its environmental footprint with an energy mix that is projected to be 60% carbon free in 2022. This transition to cleaner energy involves retiring ageing coal plants and replacing their energy with a combination of wind and solar power, and using natural gas as backup.
The 2017 Corporate Responsibility Report tracks economic, environmental and social performance and includes information related to the environment, safety, economic development, community giving and workplace programs.
Read the article online at: https://www.worldcoal.com/power/23052018/xcel-to-retire-ageing-coal-plants/