ESG Insider: A podcast from S&P Global cover image

ESG Insider: A podcast from S&P Global

At CERAWeek, mapping one large utility's energy transition path

Mar 19, 2024
20:33
Snipd AI
A Fortune 500 energy company, AES Corporation, discusses its net-zero goals and transition from coal to gas at CERAWeek. The importance of regional differences in energy transitions is highlighted, with a focus on phasing out coal and fuel oil for natural gas. The challenges and strategies for global decarbonization are explored, along with AES's initiatives in renewable energy and tech partnerships for emissions reduction.
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Podcast summary created with Snipd AI

Quick takeaways

  • AES aims to exit all coal assets by 2027, shifting focus to gas generation as part of their energy transition.
  • AES values a just and equitable transition, considering social impacts and optimizing the distribution grid for decarbonization.

Deep dives

AES's Transition Away from Coal

AES, a diversified energy company, is aiming to exit all coal assets by 2027. They are already in the process of divesting approximately half of their seven gigawatts of coal assets by the end of 2025. This exit strategy involves selling, converting, or shutting down these assets. The company is also shifting focus to gas generation as part of their energy transition, acknowledging gas as a significant component in the energy mix. Ultimately, AES aims to achieve net-zero energy production by 2040.

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