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 received a national 2020 Climate Leadership Award (external link) for top Organizational Leadership. It recognizes our significant carbon reductions, as well as our support of customers and communities in achieving their clean energy goals.
We were the first major U.S electricity provider with a vision to serve customers with 100% carbon-free electricity by 2050 and to reduce carbon emissions 80% by 2030 company-wide from 2005 levels. We had our largest one-year decline in carbon emissions in 2019, reducing carbon emissions 44% since 2005. That puts us over halfway to reaching our 2030 goal.
We believe that we can reliably and cost-effectively cut carbon emissions 80% by 2030 with the renewable and carbon-free generation and energy storage technologies available today.
But, serving customers with 100% 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.
Xcel Energy becomes one of the first power suppliers to sign on to track, verify, and reduce carbon emissions.
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:
Achieving our goals requires that we measure, track and report progress. We publish our carbon emissions in several formats and reports to meet the information needs of customers and others.
Xcel Energy’s 2017 greenhouse gas reporting earned The Climate Registry’s all-star status — its highest level of recognition for excellence in greenhouse gas reporting.