Public Service Enterprise Group Chief Executive Officer Ralph Izzo discussed an approach to reducing climate change and steps needed to reduce human use of carbon on Wednesday at the New Jersey Institute of Technology.
Izzo identified actions that he says must be focused to reduce the most damaging impacts of climate change. He discussed carbon pricing, renewable resources, nuclear energy, energy efficiency, and the electrification of transportation.
“PSEG is trying to represent itself as an energy infrastructure company,” Izzo said. “Use as little energy as possible. That does not mean sweating in the summer or freezing in the winter or using candlelight.”
According to Izzo, this approach has been used to build reliability and resilience into PSEG’s electric grid, and employ the same approach that can help reduce the global carbon footprint.
He cited a United Nations Intergovernmental Panel on Climate Change that states humans must take steps to reduce temperatures from rising. And that solar panels should not be placed on rooftops to combat climate change. Rather solar and wind energy are part of the ways in which people should generate energy in an efficient manner. And energy efficiency saves customers money, Izzo said.
Izzo also believes that market signals impact consumer behavior. As a result, PSEG is charging customers 30 percent less than it did 10 years ago.
Newark-based PSEG is a publicly-traded diversified energy company that employs about 13,000 people.