Wednesday, October 4, 2023

Dominion Energy Releases Updated Climate Report

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Dominion Energy recently released an updated climate report, describing potential paths to achieving net zero carbon dioxide and methane emissions for Scopes 1 and 2, and material categories in Scope 3 from its electric and gas operations by 2050.

Scope 1 refers to emissions under the company’s direct control, such as owned power generation, fugitive natural gas emissions from compression, venting, and leaks, and fuel use for their vehicle fleets.

Scopes 2 and 3 refers to emissions from suppliers and customers. This could include purchased power and fuel for power generation, natural gas purchased to serve customers, facility use of electric power, and customer combustion of natural gas including residential heating, cooking, commercial use, and manufacturing.

“We take seriously our role in decarbonization,” said Robert M. Blue, Dominion Energy’s chair, president, and chief executive officer. “A frank and thorough analysis is crucial to informing our plans and ensuring that we continue to provide safe, reliable, and affordable electricity and gas as we lead the way to the clean-energy future.”

New elements in the report include: a comprehensive inventory covering Scopes 1, 2, and material Scope 3 emissions; expanded scenario analysis; an enhanced physical risk analysis based on several potential warming pathways; a new analysis of potential electric-transmission reliability considerations and costs; and an expanded discussion of efforts to ensure equity, environmental justice, and a just transition for all.

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