2035 Carbon Neutrality: Using Agile Modeling to Win the Race to Carbon Neutral
15 min Read
The race for utility leaders to meet net-zero carbon pledges by as early as 2030–and how agile scenario model-ing will get them there.
In the last 15 years, the United State’s stance on environmentalism has been inconsistent, to say the least. Let’s take a brief look at the highlights:
- One of Obama’s most notable initiatives in office was the Climate Action Plan (CAP)— a comprehensive strategy to cut carbon dioxide emissions across the United States. He sought to achieve this through protecting forests and using alternative fuels while funding burgeoning climate science initiatives.1 In 2015, Obama signed the Paris Climate Agreement, furthering solidifying his stance.
- When the Trump administration took office, the country had a different set of priorities. They rolled back or eliminated almost every initiative in the CAP and pulled out of the Paris Climate Agreement unilaterally.
- Now that Biden is in office, America has returned to prioritizing environmentalism. The President’s goals include putting climate change as an initiative for both national security and foreign policy and committing to net-zero carbon emissions by 2050 (as well as rejoining the Paris accord).
This has made long-term planning challenging for all business owners—especially those running utilities. Regardless of your political stance, whoever is in office will dramatically change the way you operate and may even jeopardize the future of your company altogether. This is particularly true for utility companies that rely on fossil fuels, like coal plants.
Right now, there may seem to be more questions than answers. How do you navigate this ever-changing political landscape? What do you do to upgrade your aging infrastructure and prepare your business for future success? And what metrics do you use to guide your decisions?
In this whitepaper, we’ll break down these questions and help you gain clarity on this complex issue.
- Understand how agile scenario modeling is a critical component of a sustainable utility.
- Uncover what factors could impact your transition to carbon-neutral
- Learn how to generate and utilize short- and long-term financial scenarios.
Download the Whitepaper Today!