Dominion Energy released an updated version of its Climate Report, which lays out the potential paths for the company to achieve net zero carbon dioxide and methane emissions from its electric gas operations by 2050.
New elements in the report include an inventory covering Scopes 1, 2, and material Scope 3 emissions, as well as expanded scenario analyses. Further, it encompasses an enhanced physical risk analysis based on several potential warming pathways. In addition, it includes a new analysis of potential electric-transmission system reliability considerations and cost, as well as an expanded discussion of its efforts to ensure equity, environmental justice, and a just transition for all.
“We take seriously our role in decarbonization,” Robert Blue, Dominion Energy’s chair, president and CEO, said. “A frank and thorough analysis is crucial to informing our plans and ensuring that we continue to provide safe, reliable, and affordable electricity and gas as we lead the way to the clean-energy future.”
The report is consistent with the Paris Agreement on climate change and conforms to the framework of the Task Force on Climate-related Financial Disclosures.
Dominion Energy has a goal of becoming the most sustainable energy company in America while ensuring safety, reliability, and affordability for its customers. It is implementing solutions that can accelerate decarbonization, reduce risk, and ensure an equitable and sustainable future.
Dominion, based in Richmond, Va., serves about 7 million customers in 15 states with electricity or natural gas.
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