GHG Emissions, Solar, Sourcing Renewables - June 17, 2022
NextEra Energy Sets 2045 Goals
NextEra Energy announced its plans to eliminate carbon emissions from its operations by no later than 2045.
The goals require the energy company to transform its generation fleet by eliminating all Scope 1 and 2 carbon emissions across NextEra Energy's operations. The company set interim milestones every five years to transform its generation mix to increasingly produce electricity from zero-carbon-emissions resources until net zero is achieved.
Using NextEra Energy's 2005 standard adjusted baseline, the company now plans to reach a carbon-emissions-reduction rate of 70% by 2025. The company would improve that carbon emissions reduction rate to 82% by 2030, 87% by 2035 and 94% by 2040 before striving to achieve net zero by 2045.
A significant portion of NextEra Energy's plan to eliminate carbon emissions is designed to take place at Florida Power & Light Company (FPL) and the company’s goal is to reach 36% decarbonized by 2025, 52% by 2030, 62% by 2035 and 83% by 2040, culminating in 100% decarbonized by no later than 2045. FPL plans to reach these targets through a mix of solar, battery storage, existing nuclear, green hydrogen and other renewable sources.
"Our Real Zero goal to eliminate carbon emissions from our operations is a real goal that would make a significant difference for our customers," said John Ketchum, president and CEO of NextEra Energy, in a statement. "We are building on our decades of innovation and investments in low-cost renewable energy to decarbonize our company while keeping bills affordable for our customers."
Next Era will also make investments in wind, solar, battery storage, green hydrogen and other renewable energy development and will work with customers to help them reduce or eliminate carbon emissions in their own operations.