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Meldungen 20.11.2003

20.11.2003: Meldung: American Electric Power Becomes 50th "Climate Leader"

Setting an initial greenhouse gas reduction goal of 4% by 2006, American Electric Power (AEP) has become the 50th member of Climate Leaders, the U.S. Environmental Protection Agency"s voluntary government/industry partnership to address climate change. The company will work with U.S. EPA and the Chicago Climate Exchange (CCX) on a post-2006 emissions-control commitment.

The Climate Leaders program challenges businesses to develop a comprehensive greenhouse gas emissions inventory and set aggressive, long-term emissions reduction goals.

 

AEP announced in early 2003 that the company would voluntarily reduce or offset its greenhouse gas emissions by 4% by 2006. The reductions are set to begin in 2003 with a 1% reduction from the company"s baseline emissions (average 1998-2001 emissions, or about 165 million metric tons) and include an additional 1% reduction each year, reaching 4% by 2006. Through this commitment, AEP expects to reduce or offset approximately 16.5 million metric tons of greenhouse gas emissions (equal to a cumulative reduction of 10% over the four-year period 2003-2006). As a Climate Leader, AEP will report annually its progress on reaching this target and its annual emissions of greenhouse gases.

 

AEP expects to meet its greenhouse gas reduction commitment cost-effectively through a broad portfolio of actions, potentially including power plant efficiency improvements, renewable generation such as wind and biomass co-firing, off-system greenhouse gas reduction projects, reforestation projects, and purchases of credits through CCX.

 

"AEP has been addressing the global climate change issue since the early 1990s, when we participated in the Department of Energy Climate Challenge Program," said Dale Heydlauff, AEP senior vice president-governmental and environmental affairs. Heydlauff also noted that the company has worked with other environmental and governmental organizations on climate change initiatives since then.

 

AEP is a founding member and the only U.S. utility participating in the Chicago Climate Exchange, a voluntary greenhouse gas trading program. AEP also is the world"s leader in demonstrating the effectiveness of forest carbon sequestration having invested more than $25 million to help develop technologies for accurately monitoring and verifying the carbon absorbed by forests, while at the same time protecting and enhancing more than 4.5 million acres of the some of the world"s most biologically diverse wildlife habitats.

 

Additionally, AEP invested in and hosted the nation"s first major research project to prove the efficacy of geologic disposal of carbon dioxide emissions. The company has also committed to an alliance of companies proposing to develop President Bush"s $1 billion FutureGen initiative and demonstrate the world"s first nearly emission-free, coal-based electric and hydrogen production plant. Developing a more diverse fuel portfolio and improving the efficiency of its generating fleet are other steps AEP has taken to address the impact of its business on the global climate. Today, AEP is one of the largest wind generators in the U.S., and its coal-fired plants produce less carbon dioxide per kilowatthour of electricity generated than most similar facilities.

 

American Electric Power - Corporate headquarters

1 Riverside Plaza

Columbus, Ohio, USA 43215-2372

Phone: (614) 716-1000

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