Pacific Gas and Electric Company Accelerates 2030 Targets, Aims for Net Zero Emissions by 2040 and Climate-Positive Energy Future by 2050

Strategic Insights -

Pacific Gas and Electric Company (PG&E) has unveiled a comprehensive Climate Strategy Report, outlining its plan to become "climate positive" by 2050, with a goal of achieving net zero greenhouse gas emissions by 2040. The report sets ambitious targets for reducing emissions, adopting renewable energy, investing in clean transportation infrastructure, and transitioning its natural gas system. By 2030, PG&E aims to have 70% of its electric power mix consist of state-eligible renewable resources, fuel at least 3 million electric vehicles, and achieve 48 million metric tons of lifecycle carbon emissions reductions through building electrification and natural gas transition.

Key Takeaways:

  • PG&E plans to reduce emissions from its operations and energy delivery by 2030, equivalent to taking more than 3.2 million passenger vehicles off the road for one year.
  • The company aims to accelerate electric transportation by fueling at least 3 million electric vehicles and preparing the grid to enable 2 million EVs to participate in vehicle-grid integration applications.
  • By 2030, PG&E expects renewable natural gas to make up 15% of the gas flowing through its pipelines to core residential and commercial customers.
  • The company plans to reduce cumulative carbon emissions by 2.5 million metric tons by proactively converting industrial and large commercial customers to cleaner natural gas.
  • PG&E will work to achieve net zero greenhouse gas emissions by 2040 and plans to be removing more greenhouse gases than it emits by 2050.
  • The company's climate strategy report highlights its commitment to equity and inclusion, with a focus on supporting disadvantaged and vulnerable communities in the transition to net zero.

Statistics:

  • By 2030, PG&E aims to have 70% of its electric power mix consist of state-eligible renewable resources.
  • The company plans to fuel at least 3 million electric vehicles by 2030, leading to a cumulative reduction of at least 58 million metric tons of carbon emissions.
  • PG&E expects to achieve 48 million metric tons of lifecycle carbon emissions reductions through building electrification and natural gas transition by 2030.
  • The company plans to reduce cumulative carbon emissions by 2.5 million metric tons by proactively converting industrial and large commercial customers to cleaner natural gas.

Sources:

  • Pacific Gas and Electric Company. (2022, June 8). Pacific Gas and Electric Company Unveils Breakthrough Climate Strategy. Businesswire.
  • Pacific Gas and Electric Company. (2022, June 8). Climate Strategy Report. Businesswire.