PepsiCo Pledges to Achieve Net-Zero Carbon Emissions by 2040

At-a-Glance:

PepsiCo Inc. has pledged to achieve carbon neutrality by 2040, adding to the growing list of major companies including Amazon.com Inc. that aim to reach net-zero greenhouse gas emissions a decade ahead of scientists’ guidance. To learn more, read PepsiCo Pledges to Achieve Net-Zero Carbon Emissions by 2040.” Reading this article may require a subscription. 

Key Takeaways:

  • PepsiCo’s goals include curbing absolute emissions across its direct operations by 75% and its Scope 3 emissions by 40% from 2015 levels by the end of this decade. Scope 3 emissions are generated in the supply chain or by customers using their products.
  • Approximately 1,400 businesses have set or pledged to set net-zero emission goals under the Race to Zero Initiative convened by the United Nations, while the Biden administration has vowed to put the U.S. on a path to 100% clean energy by no later than 2050.
  • PepsiCo already announced plans to use renewable electricity across all company owned businesses by 2030 and across all third-party operations a decade later.
  • The emission reduction plan also includes an expansion of the company’s network of “Demonstration Farms,” which provide local farmers with sustainable tools and practices. It’s targeting a reduction in virgin plastic use and more recycled content in packaging as well.

Path to 100% Perspective:

Leaning into ambitious carbon reduction goals will be necessary to make world-wide decarbonization a reality. Global leaders like PepsiCo and Amazon are paving the way to 100% clean energy for the rest of the world through bold and innovative thinking. Integrating renewables, finding the optimal mix of energy for each power system, and looking for ways to improve clean energy practices at every level will accelerate grid decarbonization globally.

 

Photo by Björn Antonissen on Unsplash

2020’s Leading Clean-Energy Cities

At-a-Glance:

New York City, Boston, Seattle, Minneapolis, and San Francisco took the top 5 spots on the American Council for an Energy-Efficient Economy’s (ACEEE) annual clean energy scorecard, which analyzed and scored 100 major U.S. cities. The report revealed that cities took 160 new actions since the 2019 scorecard. According to ACEEE Director of Local Policy, these actions ranged from practical steps that made their fleets more efficient to cutting-edge initiatives like building performance standards. To learn more, read 2020’s Leading Clean-Energy Cities.”

Key Takeaways:

  • Cities were scored on five policy categories:
    • local government operations 
    • community-wide initiatives 
    • buildings policies
    • energy and water utilities 
    • transportation policies 
  • New York City’s ascent from No. 6 in 2019 to No. 1 in 2020 was due primarily to its Climate Mobilization Act, which sets a greenhouse gas emission performance standard for large buildings.
  • The report singled out San Jose, Calif., as No. 1 on renewable energy policy and No. 9 overall, up from No. 11 in 2019.
  • ACEEE found 20 cities on track for their energy efficiency goals—a significant jump from 11 out of 75 cities in 2019—with nine returning cities this year.

Path to 100% Perspective:

The Path to 100% is possible, practical and financially feasible. However, strategic and effective policy is required to achieve ambitious clean energy goals. Policies that enable rapid reductions in fossil fuel use and rapid increases in renewable generation in the electricity sector will accelerate the sustainable transition. Additionally, effective policy steers electricity-sector decisions about investments, infrastructure and technology toward decisions that quickly reduce greenhouse gas emissions and pave the way for a 100% renewable energy future.

 

Photo by Andre Benz on Unsplash