Aep

Aep's reported carbon emissions

AEP's carbon emissions reporting demonstrates a significant, albeit varied, trajectory. For the reporting year 2024, AEP reported Scope 1 emissions of approximately 48,000,000,000 kg CO2e. In 2023, Scope 1 emissions were approximately 43,351,137,000 kg CO2e, with Scope 2 market-based emissions at approximately 1,204,324,000 kg CO2e and Scope 2 location-based emissions at approximately 1,212,965,000 kg CO2e. Scope 3 emissions for 2023 were approximately 40,349,289,000 kg CO2e, with fuel and energy-related activities accounting for the largest portion at approximately 38,023,762,000 kg CO2e. In 2022, AEP's Scope 1 emissions were approximately 51,192,510,000 kg CO2e. Scope 2 emissions for that year were approximately 353,732,000 kg CO2e (market-based) and 367,281,000 kg CO2e (location-based). Scope 3 emissions stood at approximately 41,759,164,000 kg CO2e, with fuel and energy-related activities being the dominant category at approximately 41,198,607,000 kg CO2e. Looking further back, in 2021, AEP reported Scope 1 emissions of approximately 56,179,500,000 kg CO2e and Scope 2 emissions of approximately 323,580,000 kg CO2e (market-based) and 318,776,000 kg CO2e (location-based). Scope 3 emissions were approximately 35,589,477,000 kg CO2e. Prior to that, in 2020, Scope 1 emissions were approximately 49,642,532,000 kg CO2e. In 2019, Scope 1 emissions were approximately 65,006,727,000 kg CO2e, and in 2018, they were approximately 75,361,245,000 kg CO2e. In 2017, Scope 1 emissions were approximately 78,760,420,000 kg CO2e, with Scope 2 emissions totalling approximately 21,228,781,000 kg CO2e (market-based: 8,271,179,000 kg CO2e; location-based: 12,957,602,000 kg CO2e) and Scope 3 emissions at approximately 5,840,762,000 kg CO2e. AEP has established a number of ambitious climate commitments. The company aims to achieve net-zero Scope 1 and 2 emissions by 2045. Furthermore, AEP is working towards an 80% reduction in Scope 1 GHG emissions by 2030, using a 2005 baseline. This is a notable acceleration from previous goals, which included net-zero by 2050 and an 80% reduction by 2030 from a 2000 baseline. AEP has also committed to reducing its Scope 2 emissions by 50% from a 2020 baseline by 2030, and has an aspiration to reduce Scope 1 and 2 emissions to near zero by 2025. Significant progress has already been made, including a reduction of Scope 1 GHG emissions by 64% between 2005 and 2024. Additionally, AEP plans to reduce its coal capacity by approximately 74% by the close of 2030.