Xcel Energy’s vision to deliver 100 percent carbon-free electricity to customers is now backed by a scientific study. The company announced today it verified its groundbreaking carbon goals in a newly published report – an industry first for in-depth analysis.
It partnered with climate scientists with the University of Denver to confirm its vision is consistent with temperature goals of the Paris climate agreement.
Xcel Energy is on a quest to deliver 100 percent carbon-free electricity by 2050. In 2018, the company reduced carbon emissions 38 percent from 2005 levels, as it aims to cut carbon emissions 80 percent by 2030 company-wide.
“We are well positioned for the future and are focused on putting the right technology and policies in place to make our vision a reality,” said Ben Fowke, chairman, president and CEO of Xcel Energy. “Our 2018 carbon results demonstrate the significant gains we’re making in the transition to clean energy while still maintaining safe, reliable and affordable service for our customers.”
Xcel Energy’s newly published report outlines the path to achieving its ambitious carbon reductions, as well as the results of the scientific study. The climate modeling experts concluded the company’s emissions reduction trajectory under its carbon vision is consistent with electric sector emissions in scenarios likely to achieve the temperature goals of the Paris climate agreement.