GHG Emissions, Industrial, Sourcing Renewables - October 26, 2022
GM Achieves Renewable Energy Goal Ahead of Target
General Motors announced the finalization of energy sourcing agreements required to secure 100% of the energy needed to power all its U.S. facilities by 2025.
This is in line with the accelerated target announced in September 2021, which is 5 years ahead of the 2030 target announced in early 2021 and 25 years ahead of the initial target of 2050, set in 2016.
By achieving this accelerated goal, GM expects to avoid the production of an estimated 1 million metric tons of carbon emissions that would have been produced between 2025 and 2030.
“We believe it is critical — to ourselves, to our customers and to the future of the planet — to step up our efforts and reach ambitious targets that move us closer to a more sustainable world,” says Kristen Siemen, GM chief sustainability officer, in a statement. “Securing the renewable energy we need to achieve our goal demonstrates tangible progress in reducing our emissions in all aspects of our business, ultimately moving us closer to our vision of a future with zero emissions.”
Sourcing renewable energy is a critical component of GM’s plans to decarbonize. GM's energy goals begin with reducing energy consumption by improving energy efficiency.
The company sources renewable energy through direct investment, on-site generation, green tariffs and power purchase agreements. GM's renewable energy portfolio now includes sourcing agreements from 16 renewable energy plants across 10 states, continuing to lead all automotive OEMs as the largest offtaker of renewable power in the industry.
In 2021, GM announced its plans to become carbon neutral in its global products and operations by 2040. In addition, the company plans to eliminate tailpipe emissions from new U.S. light-duty vehicles by 2035. GM has committed to invest $35 billion in EVs and autonomous vehicles through 2025, with plans to reach more than 1 million units of annual EV capacity in each of North America and China by the end of 2025.