Today, three conservation organizations — Conservation Colorado, Western Resource Advocates, and Environmental Defense Fund — praised Xcel Energy’s announcement that the Minnesota-based corporation and Colorado’s largest utility had committed to going 100 percent carbon-free by 2050 company-wide. It is the most ambitious commitment to climate action of any power company in the country and their commitment will help Colorado play a leadership role nationally on both climate and clean energy.
“Colorado has yet again established itself as the national leader on clean energy, which is great for our economy, our air and future generations,” said Kelly Nordini, Executive Director of Conservation Colorado. “By pledging to cut its carbon pollution and transitioning away from fossil fuels, Xcel is leading the way to the future with Colorado as a national model in fighting climate change. With governor-elect Jared Polis also committing to a bold vision and leadership on climate and clean energy policy, our future is only getting brighter.”
“Utilities have a critical role to play in reducing overall carbon emissions. Xcel Energy should be commended for its leadership in setting ambitious, achievable goals,” said Western Resource Advocates President Jon Goldin-Dubois. “Our experience working with Xcel Energy in Colorado for over a decade – to expand renewable energy and reduce carbon emissions – has proven that a healthy economy and protection of our environment can go hand in hand. As Xcel Energy takes action to meet these goals, it will expand opportunities, and dramatically re-shape the energy and carbon landscape across its service area.”
“The grim description of public health impacts in the recently-released National Climate Assessment have provided yet more evidence of the urgency of mitigating climate change. Simply put, we must eliminate carbon pollution, and Xcel Energy is the first power company in the country to commit to doing just that,” said Pam Kiely, Sr. Director of Regulatory Strategy for Environmental Defense Fund. “Xcel has outlined targets that are actually commensurate with the ambition needed from the power sector for us to achieve economy-wide goals, and we look forward to working with Xcel to demonstrate how a decarbonized power sector can catalyze a carbon-free economy.”
Xcel is the largest electricity provider in Colorado. In August, the Colorado Public Utilities Commission approved Xcel’s Colorado Energy Plan, which was supported by WRA, Conservation Colorado, EDF and a diverse coalition that included business, labor, and other leaders. Under the plan, Xcel will retire two aging coal-fired power plants and replace the energy with wind, solar, and the nation’s largest battery-storage project—many of those investments being driven directly into Pueblo County, where the coal plants will be retired. It will dramatically cut carbon pollution, create hundreds of jobs, and will lead to the investment of over $2 billion in Colorado’s rural economy.