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Exelon: Annual GHG Emissions (2019 – 2021, Million Tonnes CO2 Equivalent)

  • In 2021, Exelon’s total greenhouse gas emissions increased by 9% on an annual basis
  • Exelon’s Scope 3 emissions accounted for 93.9% of its total GHG emissions in 2021
  • Exelon commits to reduce operations driven GHG emissions by 50% by 2030 and to net zero by 2050

Global warming places life on earth in danger, posing a threat to fresh water, food, and energy supplies. Greenhouse gas (GHG) emissions are the primary cause of global warming. Carbon dioxide (CO2), methane (CH4), and nitrogen oxides (NOx) are GHGs produced by the combustion of oil, fossil fuels, and other sources.

The energy supply sector is one of the largest contributors to global greenhouse gas emissions, responsible for approximately 35% of total emissions. The Covid-19 pandemic impacted the energy demand in 2020, reducing global CO2 emissions by 5.2%. However, the rapid economic recovery in 2021 increased the energy demand. The biggest increase in CO2 emissions by sector in 2021 took place in electricity and heat production, where they jumped by more than 900 million tonnes CO2 equivalent, which accounted for 46% of the global increase in emissions.

Exelon Corp (Exelon) is a utility services holding company which provides energy services to customers. The company’s operations include electricity distribution and transmission, and natural gas sales. In 2021, the company reported total GHG emissions of around 94.5 million tonnes CO2 equivalents (MtCO2eq), up 9% from 2020.

 

Scope 1, 2, and 3 emissions are the three categories of GHG emissions. Scope 1 emissions result from the direct operations of the company. Indirect GHG emissions during the production of purchased electricity, and energy loss across transportation and distribution system, are referred to as Scope 2. Scope 3 emissions refer to the company's other indirect emissions beyond the company’s direct operations and occur in the company’s value chain, including upstream and downstream activities, such as customer purchased power, business travel, and waste generation in operations.

Scope 3 emissions account for most of Exelon’s overall GHG emissions, accounting for 93.9% of total GHG emissions (88.7 MtCO2eq) in 2021. In 2021, the company's Scope 1 emissions (0.47 MtCO2eq) fell by 3%, whereas Scope 2 emissions (5.28 MtCO2eq) climbed by 7%.

Exelon commits to reduce operations driven GHG emissions by 50% by 2030 and to net zero by 2050.

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