September 25 (Renewables Now) - The renewables arm of US conglomerate General Electric (NYSE:GE) plans to achieve carbon neutrality by end-2020 by using renewables power for all of its operations.
GE Renewable Energy unveiled the plan on Tuesday, saying it will aim to lower its carbon footprint through operational efficiencies and a mix of wind, hydropower and energy storage. Some emissions will be mitigated through the purchase of carbon offsets.
In order to implement the plan, GE will collaborate with Natural Capital Partners and source strategic advice. The UK-based firm will also provide carbon offsets and energy attribute certificates aligned with GE Renewable Energy’s requirements.
“Energy efficiency, waste reduction, and renewable power sources will ultimately combine to lower the operating costs of our business,” said CEO Jerome Pecresse.
GE Renewable Energy said it will make regular updates on the plan and provide shareholders with a roadmap for tracking its progress towards the net-zero carbon footprint goal.