PPL Corp. of Allentown has set a new goal to achieve net-zero carbon emissions by 2050.
The company is currently on track to achieve a 70% reduction from 2010 levels by 2035, and an 80% reduction from 2010 levels by 2040, it said.
The latest goals, which cover greenhouse gas emissions from generation and other sources, reflect updated forecasts, analyses and ongoing business as well as the company’s expanded efforts to invest in the research and development of clean energy technologies.
“PPL is fully committed to driving innovation that enables us to achieve net-zero carbon emissions by 2050 and ensuring a balanced, responsible and just transition for our employees, communities and customers as we advance toward our clean energy goals,” said Vincent Sorgi, PPL president and CEO.
PPL is undertaking a company-wide effort to enhance its clean energy transition strategy and is working with a global consulting firm to assist it in its efforts.