Advancing global decarbonization

Reducing emissions

We are reducing our business's carbon intensity by improving generation efficiency and transforming our portfolio while continuing to meet our customers' evolving needs with clean, firm and fast power.

Aerial view of a coastal industrial area with a large circular storage tank, solar panels, and buildings near the ocean.

Our ambitions

REDUCING OUR CARBON INTENSITY

2030

Generation portfolio carbon intensity in line with a well-below 2°C scenario.

Based on renewables growth and the feasibility of multiple possible asset scenarios. Sectoral Decarbonization Approach target for power generation of 0.16 tCO2e/MWh based on 2016 baseline and modeled 2030 portfolios. .

2040

Net zero carbon emissions from electricity sales.

Through asset sales, fuel conversions and retirements, while maintaining reliability and affordability, and subject to necessary approvals.

2050

Net zero carbon emissions for entire business portfolio.

Actions assume new policies that facilitate transition to low emissions energy systems, such as a price on carbon. Includes scope 1 and 2 emissions for 2040 and scope 3 for 2050.

Meeting energy demand

Meeting growing energy demand requires efficient, dependable, and flexible power sources. We are reducing emissions while strengthening grid reliability through a balanced mix of fuels and technologies.

Two workers on ladders install a solar panel on a metal tower surrounded by dense green foliage.

Our actions

Rows of solar panels on a dirt field with snow-capped mountains in the background under a clear sky.

Portfolio transformation

We are transforming our portfolio by expanding the use of renewables and natural gas while phasing out coal. As we shift our generation mix, we aim to reduce emissions while still supporting grid reliability through a more flexible and diversified energy supply.

Aerial view of a large industrial power plant with multiple smokestacks emitting white smoke, surrounded by green fields and forests under a cloudy sky.

Emissions control technologies

We employ multiple air control technologies and deploy advanced air quality systems, including SO₂ scrubbers, low NOx burners, and filtration systems that remove fine particles from emissions. In addition to power generation, we monitor emissions from our vehicle fleets and are transitioning to electric models where feasible to reduce mobile emissions.

In 2024

9.5 GW signed renewables and energy storage agreements

Agreements signed directly with technology customers, including long-term power purchase agreements (PPAs) for clean energy and load growth at our US utilities.

670 MW new combined cycle gas plant

Completed the construction of new combined cycle gas plant that will help Panama collectively reduce CO₂ emissions by more than 2.2 million tons annually

2 .1 million less metric tons of CO2

Exited or announced the sale or closure of 1 GW of coal generation in the US and Chile.