Red Electrica

Red Electrica's reported carbon emissions

Red Eléctrica (ES) reported a total of approximately 1.27 billion kg CO2e for the 2024 reporting year. This figure encompasses Scope 1, 2, and 3 emissions, with Scope 1 emissions totalling about 25.7 million kg CO2e, Scope 2 at approximately 513.1 million kg CO2e, and Scope 3 emissions reaching around 749.8 million kg CO2e. For the 2023 reporting year, total emissions were approximately 1.25 billion kg CO2e, comprising Scope 1 of about 29.6 million kg CO2e, Scope 2 at approximately 592.0 million kg CO2e, and Scope 3 at about 719.5 million kg CO2e. In 2022, total emissions were approximately 486.9 million kg CO2e, with Scope 1 at about 21.1 million kg CO2e, Scope 2 at approximately 727.2 million kg CO2e, and Scope 3 at around 465.8 million kg CO2e. Red Eléctrica has set ambitious climate targets, aiming for a 55% reduction in Scope 1 and 2 emissions by 2030 compared to a 2019 baseline. Additionally, the company is committed to a 28% net reduction in Scope 3 emissions by 2030, also against the 2019 baseline. Looking further ahead, Red Eléctrica has committed to reaching net-zero greenhouse gas emissions across its value chain by 2050, with a long-term target of reducing absolute Scope 1 and 2 emissions by 90% and Scope 3 emissions by 90% by 2050 from the 2019 baseline. These targets align with a 1.5°C warming scenario as set by the Science Based Targets initiative (SBTi).