Energy Company Accelerates 2030 Targets on
Renewable Energy Adoption, Clean Transportation Infrastructure,
Building Electrification and More in Effort to Help Heal Our
Planet
Today, Pacific Gas and Electric Company (PG&E) unveiled
breakthrough commitments to help reduce carbon emissions, reverse
the impacts of climate change and heal the planet as part of its
comprehensive Climate Strategy Report.
The report, which is available at www.pge.com/climate, outlines
the company’s path to become “climate positive,” or going beyond
net zero emissions and actively removing more greenhouse gases from
the environment than it emits, by 2050.
Along the way, PG&E plans to reach net zero greenhouse gas
emissions by 2040, five years ahead of California’s current carbon
neutrality target, and has detailed clear milestones it plans to
meet by 2030 in reducing emissions, adopting renewable energy,
investing in clean transportation infrastructure and transitioning
its natural gas system.
PG&E’s 2040 and 2050 commitments represent a major step in
delivering upon its stand that a healthy environment and
carbon-neutral energy system shall be the reality for all
Californians.
These commitments are also designed to ensure equity and
inclusion remain at the forefront of California’s energy transition
by not only helping curb the devastating impacts of climate change
felt by communities but also providing a pathway to a more
equitable and affordable energy future.
PG&E is committed to partnering with a broad spectrum of
stakeholders, including customers, coworkers and community
organizations, to co-create plans that will help ensure equity, and
to delivering on these climate commitments in a cost-effective way,
with minimal incremental impact to customer bills.
“At first glance, meeting these milestones may look to be an
extraordinary challenge. But extraordinary times call for
extraordinary measures,” said Patti Poppe, CEO of PG&E
Corporation. “As recent events have made clear, California is not
just on the frontline for acting on climate change but also on the
frontline of its destructive effects. We can no longer be content
with merely adapting to those harms. We need to put the climate
machine into reverse and begin undoing the damage. This report
represents PG&E’s bold plan to do just that and will be our
guiding document in the years ahead.”
2030: Immediate Climate Action
PG&E recognizes that right now is a critical time for
meaningful climate change action and is committed to doing its
part.
PG&E has laid out plans to dramatically reduce emissions
attributable to the company and its customers by 2030—reductions
from its operations and energy delivery (Scope 1, 2 and 3
emissions) equivalent to taking more than 3.2 million passenger
vehicles off the road for one year. To drive this effort, the
company has set targets that include:
- Renewable Energy Adoption: By 2030, PG&E plans to
have 70% of its electric power mix consist of state-eligible
renewable resources such as wind and solar. This target exceeds the
state’s mandate of 60% for that same year and will be met in a way
that is affordable to all.
- Accelerate Electric Transportation: PG&E plans to be
the industry’s global model by fueling at least 3 million electric
vehicles (EVs) in its service area by 2030—leading to a cumulative
reduction of at least 58 million metric tons of carbon emissions.
Additionally, PG&E plans to prepare the grid to enable 2
million EVs to participate in vehicle-grid integration
applications, allowing EVs to be a cornerstone of energy
reliability and resilience efforts.
- Building Electrification and Natural Gas Transition:
PG&E plans to achieve 48 million metric tons of lifecycle
carbon emissions reductions by 2030 through an increased focus on
energy efficiency and building electrification. To support this
goal, PG&E will be evaluating all gas capital projects for
electrification alternatives and will pursue electrification for
projects deemed feasible and cost-effective.
- “Green” the Gas Supply for Hard-to-Electrify Customers:
By 2030, PG&E expects that renewable natural gas will make up
15% of the gas flowing through PG&E’s pipelines to core
residential and commercial customers, and the company is launching
a pilot to maximize readiness for hydrogen blending. PG&E also
plans to reduce cumulative carbon emissions by 2.5 million metric
tons by proactively converting industrial and large commercial
customers unable to electrify to cleaner natural gas.
2040 and 2050: Net Zero Emissions and Climate-Positive Energy
Future
Building upon the 2030 goals, PG&E will work to achieve net
zero greenhouse gas emissions by 2040 by eliminating or reducing
emissions and then removing remaining carbon from the atmosphere.
By 2050, the company plans to be removing more greenhouse gases
than it emits.
As a dual commodity utility – both gas and electric – PG&E
is uniquely positioned to lead this transition with customers at
the center. PG&E’s vision is to evolve the gas system to be an
affordable, safe, and reliable net zero energy delivery platform.
To make the transition, PG&E expects a diverse mix of resources
to be available—from broad electrification to cleaner fuels such as
renewable natural gas and hydrogen to nature-based solutions and
carbon capture, storage, and utilization.
“We’re excited about the opportunities to co-create this future
together with our many stakeholders,” said Carla Peterman,
PG&E’s Executive Vice President, Corporate Affairs and Chief
Sustainability Officer. “Importantly, PG&E is focused on making
this transition in an equitable and viable manner that leaves no
one behind. We will continue to look for ways to prioritize support
for disadvantaged and vulnerable communities and the workforce in a
just transition to net zero and beyond.”
Continued Focus on Climate Resilience
In addition to establishing PG&E’s net zero and
climate-positive targets and milestones, the Climate Strategy
Report reiterates PG&E’s overall efforts to build an energy
system that is resilient to the physical impacts of climate change.
These efforts include data- and science-informed decision making,
undergrounding 10,000 miles of powerlines in high fire-threat
areas, and implementing Enhanced Powerline Safety Settings in those
same areas. These efforts, which are also detailed in PG&E’s
Wildfire Mitigation Plan, demonstrate PG&E’s commitment to live
up to its stands that catastrophic wildfires shall stop and that
everyone and everything is always safe.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E
Corporation (NYSE:PCG), is a combined natural gas and electric
utility serving more than 16 million people across 70,000 square
miles in Northern and Central California. For more information,
visit pge.com and pge.com/news.
Forward-Looking Statements
This news release contains forward-looking statements that are
not historical facts, including statements about the beliefs,
expectations, estimates, future plans and strategies of PG&E
Corporation and the Utility, including but not limited to
PG&E’s Climate Strategy Report and climate-related commitments.
These statements are based on current expectations and assumptions,
which management believes are reasonable, and on information
currently available to management, but are necessarily subject to
various risks and uncertainties. In addition to the risk that these
assumptions prove to be inaccurate, factors that could cause actual
results to differ materially from those contemplated by the
forward-looking statements include factors disclosed in PG&E
Corporation and the Utility's joint annual report on Form 10-K for
the year ended December 31, 2021, their most recent quarterly
report on Form 10-Q for the quarter ended March 31, 2022, and other
reports filed with the SEC, which are available on PG&E
Corporation's website at www.pgecorp.com and on the SEC website at
www.sec.gov. PG&E Corporation and PG&E undertake no
obligation to publicly update or revise any forward-looking
statements, whether due to new information, future events or
otherwise, except to the extent required by law.
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