Energy Vault publishes Climate Change Mitigation Transition Plan - NRGV News | RalliesEnergy Vault publishes Climate Change Mitigation Transition Plan
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NRGV• Energy Vault publishes climate change mitigation transition plan
- Energy Vault set a net-zero target for Scope 1, 2, 3 emissions by 2045, aligned with a 1.5°C pathway.
- Near-term goal targets a 63% absolute cut in Scope 1 and 2 emissions by 2035 from a 2024 base year.
- Long-term plan targets a 90% absolute reduction across all scopes by 2045 from the same base year.
- Residual emissions capped at 10% of 2024 levels, to be neutralized with carbon removals; no carbon credits to replace value-chain cuts.
- Plan applies an internal carbon shadow price of USD 50 per metric tonne CO2e across Scopes 1, 2, 3, with annual progress disclosure.
