July 13, 2021 Read More →

GE announces plans to curb all carbon emissions created by its products

Bloomberg ($):

General Electric Co. vowed to curb the greenhouse gases produced by the use of its products—including thousands of fossil-fueled turbines and jet engines in operation around the world—in a bid to achieve net-zero emissions by 2050.

The new goal, announced in GE’s annual sustainability report on Monday, signals that the industrial giant plans to go beyond an earlier pledge to make its own operations carbon neutral by 2030. The announcement includes no specific targets or concrete details about how it will achieve those emissions cuts, however, nor has the company yet quantified the reductions necessary to achieve that goal, though it said it would do so in the future.

In the report, GE said that its new “ambition” is a first step toward addressing the emissions from its products and supply chain, known as Scope 3. (Scopes 1 and 2 are related to production and operations.) 

Many other large industrial businesses have preceded GE in setting net-zero targets. Air carriers such as Air Canada and British Airways, for example, have pledged to reach greenhouse gas neutrality by 2050, while the industry’s global trade group, the International Air Transport Association, plans to propose a similar industry-wide goal at its annual meeting in October. Meanwhile, General Motors, the largest U.S. automaker, pledged earlier this year to reach net zero by 2040, with interim targets that include its Scope 3 emissions.

[Ryan Beene]

More: GE Sets 2050 Goal of Zero Emissions From Jet Engines, Gas Power

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