Xcel Energy

Xcel Energy's reported carbon emissions

Xcel Energy, a US-based electricity provider, is committed to significant carbon emissions reductions. For the reporting year 2025, the company reported total emissions of approximately 52.84 billion kg CO2e, comprising 29.31 billion kg CO2e in Scope 1, 380 million kg CO2e in Scope 2, and 23.23 billion kg CO2e in Scope 3. In 2023, Xcel Energy's emissions were approximately 61.71 billion kg CO2e, with Scope 1 emissions at 36.18 billion kg CO2e, Scope 2 at 310 million kg CO2e (with a market-based total of 36.29 billion kg CO2e), and Scope 3 at 23.32 billion kg CO2e. Xcel Energy has set ambitious climate targets. The company aims to deliver 100% carbon-free electricity by 2050, with an interim goal to reduce carbon emissions from electricity provided to customers by 80% by 2030, referencing 2005 as the baseline year. This 80% reduction target by 2030 applies to Scope 1, Scope 2, and Scope 3 emissions. In 2019, the company reported a decrease of over 10% in emissions compared to 2018, and a 44% reduction from 2005 levels for electricity serving customers, indicating progress towards its interim goal. The company also highlights its commitment to becoming a net-zero provider by 2050 while maintaining service reliability and affordability.