CO2 Reductions in the Power Industry in 2021

What’s happening?

• CO2 emissions decreasing about 10% between 2019 and 2020
• Fueled by increased renewable generation and coal-to-gas transitions
•  Power produced by non-hydro renewables increased 20% from 2019
• coal-fired generation decreased by roughly 17%

Why is this important?

• 20 states have aggressive plans for 100% sustainable power
• 12 states have not initiated any clean energy plans

How will this be important? “From 2000 to 2020, US power sector CO2 emissions decreased 37%, while the gross domestic product grew 40%”

S&P Global Platts | US reducing power sector CO2 emissions while growing economy: study