Exelon Plans to Cut, Offset all CO2 Emissions by 2020

• 

  Your Email: *

  Your Name: *

  Send To: *

  Enter multiple addresses on separate lines or separate them with commas.

  You are going to email the following: Exelon Plans to Cut, Offset all CO2 Emissions by 2020

  Message Subject: (Your Name) has forwarded a page to you from GreenBiz.com®

  Message Body: (Your Name) thought you would like to see this page from GreenBiz.com®.

  Your Personal Message: *
  
• 
• 

  Digg
  Del.icio.us
  Reddit
  Stumble Upon
  
• 
• 

WASHINGTON, D.C. -- Exelon Corp.'s CEO Jon Rowe has pledged that his company will cut or offset the equivalent of all of its carbon dioxide emissions by 2020.

He is also pushing for government and industry to work together in creating a low-carbon economy, specifically encouraging letting the market choose the most cost-effective, low-carbon-generating energy.

Exelon, the largest nuclear energy-generating utility in the United States, emits about 12 million to 15 million tons of carbon dioxide a year.

In a speech at the Brookings Institution think tank yesterday, Rowe explained Exelon's Low Carbon Energy Strategy.

To cut or offset the equivalent of all of the company’s CO2 emissions, Exelon will reduce emissions from its buildings, vehicle fleet, transmission and delivery operations, and supply chain; create efficient products for consumers; and build low-carbon-emitting electricity-generating facilities to replace carbon-heavy plants.

Saying that some renewable energy forms are too expensive to implement, Rowe said that the country will need between 25 and 30 new nuclear reactors by 2030 to drastically limit greenhouse gas emissions.

Exelon’s strategy is part of Rowe’s recommended three-prong approach to reducing carbon emissions in the US: new government policy, market-driven innovation and investment, and leadership from the energy industry.

In terms of government policy, Rowe said he supports a greenhouse gas emissions cap and trade system as well as an emission allowance allocation system that would auction off allowances or give them to local distribution centers.

He also said the government needs to adopt stricter energy standards, invest more in renewable energy and carbon sequestration, and offer loans for new nuclear plants.

• 

  Your Email: *

  Your Name: *

  Send To: *

  Enter multiple addresses on separate lines or separate them with commas.

  You are going to email the following: Exelon Plans to Cut, Offset all CO2 Emissions by 2020

  Message Subject: (Your Name) has forwarded a page to you from GreenBiz.com®

  Message Body: (Your Name) thought you would like to see this page from GreenBiz.com®.

  Your Personal Message: *
  
• 
• 

  Digg
  Del.icio.us
  Reddit
  Stumble Upon
  
• 
• 

Post a Comment »