Publication: Green Tech Media
AES Corporation on Tuesday outlined a plan to slash its carbon intensity 70 percent by 2030. That’s a leap from the power producer’s original target, set earlier this year, of reducing carbon emissions 50 percent by 2030.
Much of the plan hinges on the growth of clean energy. The independent power producer has laid out steps to expand investment in renewables, energy storage, liquid natural gas and energy efficiency. AES framed its shifting business strategy in both climate and economic terms.
“Shifting our portfolio to cleaner sources of energy reduces our carbon exposure and overall carbon intensity while creating significant upside margin growth over time,” writes AES in a report on climate scenarios tied to the announcement.