Study: Utilities decarbonization, climate change by the numbers

What is happening? Deloitte’s 2022 energy brief reveals:

• 48 out of 55 US large investor-owned utilities had committed to reduce carbon emissions
• 3 of 4 customer accounts are served by an entity with a 100% carbon reduction target
• 24 utility parent companies have adopted voluntary carbon-reduction targets
  • 20 of the 24 opted for 100% carbon reduction goals
• 40% carbon emission reduction since 2005 by electric utilities

Why is this important? 60% of US electricity is still generated by carbon-emitting sources

How will this be important? New generation is largely wind and solar, accounting for 86% of new generation for the first 8 months of 2021

Deloitte 2022 Power