PSEG to cut down 80% carbon emissions by 2046, targets net-zero vision
Category: #headlines  By Nikita Chaurasia  Date: 2019-07-27
  • share
  • Twitter
  • Facebook
  • LinkedIn

PSEG to cut down 80% carbon emissions by 2046, targets net-zero vision
  • The company will annually report on sustainability and climate change using TCFD framework.
  • PSEG’s carbon emission rate is already below IEA's probable emission rate for the U.S. electric segment.

The Public Service Enterprise Group (PSEG) reportedly announced its plans to reduce its power fleet’s  CO2 emissions by 80% by 2046, from the 2005 levels. Furthermore, the company also proclaimed its aim of accomplishing net-zero carbon emissions by the year 2050 expecting advances in technology and public policy.

Abiding by the carbon emission goals, the company has further announced its plans of not acquiring fossil-fueled power plants. PSEG has committed to report yearly on climate using the Task Force on Climate-related Financial Disclosures (TCFD) framework, commencing in 2020.

According to the industry experts, PSEG already possesses one of the lowest carbon emission rates amongst the largest U.S. power producers. Its power fleet has reduced the emission intensity by over more than 40% since 2005. With a mission of providing universal access to an around-the-clock supply of reliable, affordable power, PSEG earlier launched its vision of ‘Powering Progress’ for the future where the customers would universally utilize less energy which is cleaner, and with more reliable delivery.

Ralph Izzo, the Chairman, President and CEO at PSEG was reportedly quoted stating that as the company has shared its ambition to enhance the lives of the customers with reduced carbon emission. He further added that PSEG has always relied on innovation, competence, smart policies and great strategies to address the unmet challenges. The company believes that with right technology and public policies, higher carbon reductions can be achieved.

For the uninitiated, Public Service Enterprise Group, headquartered in Newark, New Jersey, is a diversified energy company which is currently serving the state of New Jersey with the regulated gas and electric supplies. The company is a leading developer of solar energy resources with an investment of about USD 1.8 billion in 674 Mega Watt of Solar energy.

Source credit: https://www.prnewswire.com/news-releases/pseg-plans-to-reduce-carbon-emissions-80-by-2046-with-a-vision-of-net-zero-by-2050-300890721.html

About Author

Nikita Chaurasia    

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More

More News By Nikita Chaurasia

Atkore announces acquisition of Rocky Mountain Colby Pipe Co. assets
Atkore announces acquisition of Rocky Mountain Colby Pipe Co. assets
By Nikita Chaurasia

Atkore expands product portfolio with acquisition of Cor-Tek™ by Rocky Mountain  Atkore International Group Inc., a US-based electric solutions provider recently announced acquisition of assets of Rocky Mountain Colby Pipe Co., a front-ru...

Self-driving tech firm Waymo’s cars to be rain-tested in Florida
Self-driving tech firm Waymo’s cars to be rain-tested in Florida
By Nikita Chaurasia

Waymo is about to rain test some of its autonomous vehicles in Florida. The company wants to check if the autonomous driving technology withstands the heavy rainfall of the U.S state. The test aims to check how the vehicle's sensor suite includin...

Google blocks some data on Android devices for wireless carriers
Google blocks some data on Android devices for wireless carriers
By Nikita Chaurasia

Google decided to take this step over the fear of increasing data privacy problems across the world.   This step has disappointed the carriers using the service for various decision making processes like deciding where to upgrade and extend ...