US utility Madison Gas and Electric has set a new goal of net-zero carbon electricity for its customers by 2050.
The energy provider has set a target to reduce its carbon emissions by 80% by 2050 from 2005 levels.
Since 2005, Madison Gas and Electric has reduced its carbon footprint by 23% since 2005.
The utility is doing so by:
- Reducing the carbon intensity in electricity generation through adding significant new renewable energy resources and reducing the use of fossil fuels
- Increasing investments in consumer energy efficiency and electrification, including transportation.
The energy provider to some to 153,000 electricity and 161,000 natural customers will be working with scientists at the University of Wisconsin-Madison, the Nelson Institute for Environmental Studies and the Department of Atmospheric and Oceanic Sciences
The aim is to evaluate the company's net-zero carbon goal, the university will provide expert input and perspective to ensure MGE's goal is consistent with the IPCC assessment.
Jeff Keebler, CEO of MGE, said: "In creating an energy future for our customers and shareholders, we need ambitious and crucial reductions in carbon emissions that align with the work of the scientific community, specifically the Intergovernmental Panel on Climate Change (IPCC) and its assessment of limiting global temperature increases to 1.5 degrees Celsius by 2050.
"Since introducing our carbon reduction targets, we have always said that if we can go further faster by working with our customers, we will. We believe it is important to articulate a long-term goal that is both visionary and based on the best climate science available. Our net-zero carbon goal is aggressive, and it will require technologies not yet commercially available or cost-effective, but it is where we need to be.
"These remain our objectives as we continue to build customer and shareholder value on our path to deep decarbonization.
"As your community energy company, MGE has a history of engaging our customers and communities. We actively continue work to deepen that engagement to achieve our goals. Our net-zero carbon goal is a reflection of our commitment not only to long-term sustainability, rooted in the latest climate science, but also a reflection of our commitment to our customers and communities."