Entergy Corporation announces new climate strategy, emissions goals

Entergy Corporation recently released its Climate Scenario Analysis and Evaluation of Risks and Opportunities report, which details its new strategy for addressing climate change risks.

The company is setting a new goal of reducing its emission intensity by 2030 by half the level it was in 2000.

“In 2001, Entergy led the industry by becoming the first U.S. utility to voluntarily limit carbon dioxide emissions,” Leo Denault, Entergy’s chairman of the board and CEO, said. “Today, we have the opportunity to do more. We’re pleased to announce a new climate objective. By 2030, Entergy will emit 50 percent less carbon dioxide for every unit of electricity than we did in 2000. This renewed commitment to the environment not only delivers clean energy solutions for our customers, it creates long-term, sustainable value for all our stakeholders.”

The report follows recommendations of the Task Force on Climate-Related Financial Disclosures. In addition to the new 2030 goal, the report provides a detailed analysis of several potential carbon abatement scenarios through 2030 and outlines guiding principles for climate policy, including an economy-wide price on carbon.

The report also discusses the company’s plans to increase investments in clean generation, grid modernization. It also describes plans for partnering with customers on decarbonization, governance structures, risk management processes, stakeholder engagement, transparency, and continuous improvement.