Decarbonization Strategies: Supporting Utilities Investment in Infrastructure
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Paul A. DeCotis is senior director and head of West Monroe Partners’ east coast Energy & Utilities practice, based in New York City. He leads the firm’s executive advisory and regulatory...
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Utilities are well positioned to point to legislation requiring investment in the decarbonization of generation, transmission and distribution, and end-use technologies.
Twenty-nineteen (2019), will be remembered as a year of action for governments around the globe, and citizens taking action to reduce carbon emissions to combat continued warming of the atmosphere. The Paris Agreement addressing greenhouse gas emissions (GHG) mitigation, agreed to in December 2015 and now representing a commitment of 195 countries participating in the United Nations Framework Convention on Climate Change (UNFCCC), calls for limiting the increase in global average temperature below 2 °C above pre-industrial levels. Governments throughout the world and states, on their own in the US, are enacting and proposing legislation consistent with the Paris Agreement, and codifying carbon reduction goals complete with timelines and processes and strategies for achieving them.