We’re delivering affordable, reliable energy today using advanced clean energy technologies. Now, with ambitious plans, we’re increasing renewable energy and reducing carbon emissions to levels we never imagined a decade ago.
We were the first major U.S electricity provider with a vision to serve customers with 100 percent carbon-free electricity by 2050 and to reduce carbon emissions 80 percent by 2030 company-wide from 2005 levels.
We believe that we can reliably and cost-effectively cut carbon emissions 80 percent by 2030 with the renewable and carbon-free generation and energy storage technologies available today.
But, serving customers with 100 percent carbon-free electricity will require technologies not yet commercially available. Even though our carbon-free aspiration is decades away, we're beginning work now with stakeholders to help develop these technologies, as well as the policies and support, that will make this aspiration achievable.
Our carbon report outlines the path to achieving ambitious carbon reductions and includes an in-depth analysis of our vision - an industry first for this type of study. Climate modeling experts with the University of Denver confirmed that our goals are consistent with electric sector emission reduction trajectories likely to meet the temperature goals of the Paris climate agreement. Click on the cover below to get the report.
We have a number of plans underway to transition to cleaner energy resources. These include:
In 2018, we reduced carbon emissions 38 percent company-wide from 2005 levels.
The U.S. Environmental Protection Agency (EPA), the Center for Climate and Energy Solutions, and The Climate Registry recognized Xcel Energy with a 2016 Climate Leadership Award for excellence in greenhouse gas management.
Achieving our goals requires that we measure, track and report progress.
Xcel Energy becomes one of the first power suppliers to sign on to track, verify, and reduce carbon emissions.