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on February 24, 2021. Heike Doerr, Principal Analyst at S&P Global Market Intelligence, conducted an in-depth interview with Bob Frenzel, President and COO of Xcel Energy. Bob Frenzel The discussion focused on: The social and governance components of ESG. M&A trends A few highlights: Xcel had over 8,000 megawatts of coal in its system 15 years ago, but expects to have less than 2,000 megawatts in the system by the end of 2030. Most of the plant closures have come through long lead-time notifications to communities and partnering with employees to make effective transitions. The firm has been able to integrate wind into the system, and will put almost 6,000 megawatts of new wind and solar into the upper Midwest over the next decade. ....
Subscribe on LinkedIn to be notified of each new Daily Update a curated selection of essential intelligence on financial markets and the global economy from S&P Global. Galvanizing international collaboration will be critical to curbing climate change. But countries committed to the 2016 Paris Agreement have made slow progress in aligning their climate policy to achieving net-zero emissions globally by the second half of this century. The trends that have reverberated across the environmental, social, and governance (ESG) space namely the path to net zero, addressing climate risk and funding the energy transition via sustainable finance, and setting global ESG reporting standards will likely be at the top of the agenda as the U.S. attempts to stimulate bolder collective climate action on the global stage today. The country is virtually chairing the inaugural Leaders Summit on Climate of 40 world leaders, including China’s President Xi Jinping, at a time when the need to ....