Plugged In Magazine 02

This edition of Plugged In Magazine examines a variety of ways in which energy companies can participate in efforts to slow climate change. This can include decarbonizing their assets and extending this to their customers and society at large, such as investing in new energy technologies and working with companies and communities that have set ambitious carbon reduction targets.

Almost three quarters of global greenhouse gas emissions are attributed to energy consumption, including electricity, heating, and transportation.¹  The role of energy organizations in combating climate change and implementing decarbonization is growing. Through their work, they can help organizations and communities achieve net zero emissions and decarbonize their operations.

For the energy sector to become net zero by 2050, U.S $3.5 trillion in additional capital expenditures will be required .² During this transition, energy companies will likely add new fuel sources to their energy mix, build new grid infrastructure, and implement energy storage systems to accommodate intermittent renewable sources. Additionally, they should become involved in energy efficiency and demand-side management initiatives for their customers.