WALTHAM, MA – Marcy Reed, President of National Grid Massachusetts, issued the following statement regarding the decision by Commonwealth of Massachusetts to set a statewide emissions limit of net zero greenhouse gas emissions by 2050:

“Climate change is one of the great challenges facing our society today. This decision by the Baker-Polito Administration is another example of the Commonwealth leading the nation and world on climate change adaptation and preparation, alongside record-setting clean energy procurements and energy efficiency programs.

National Grid looks forward to continuing as an active partner in developing and implementing a roadmap to achieving this ambitious target. It is more important than ever during this challenging time to ensure that this vital transition to a decarbonized future is affordable to the residents and businesses of Massachusetts.”

Background:

• In November 2019, National Grid’s global business set new target to reduce our own direct greenhouse gas emissions to net zero by 2050, going beyond the Company’s previous target of 80% by 2050.
• In 2018, National Grid released the Northeast Decarbonization Pathway, a set of policy recommendations to help states across the Northeast achieve a 40% reduction of greenhouse gas emissions by 2030 and 80% by 2050 over 1990 baseline levels.
• In June of 2019, National Grid Ventures acquired Geronimo Energy, a leading wind and solar developer in North America. Since that acquisition, Geronimo has executed virtual power purchase agreements for over 400MW of clean energy.
• National Grid is consistently ranked as the top utility for energy efficiency in the country. With our partners in the MassSave program, Massachusetts and National Grid have been named #1 for energy efficiency for nine straight years.
• National Grid has long supported the Regional Greenhouse Gas Initiative and is working with stakeholders throughout the Northeast to develop the Transportation Climate Initiative.

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About National Grid

National Grid (NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York and Massachusetts. National Grid is focused on building a smarter, stronger, cleaner energy future — transforming our networks with more reliable and resilient energy solutions to meet state climate goals and reduce greenhouse gas emissions.