EDP: Science-based target case study

EDP has committed to science-based targets to reduce scope 1 and 2 emissions from electricity production by 55% per TWh and scope 3 emissions by 25% by 2030, relative to 2015 levels. To achieve these, the company is expanding its renewable energy portfolio by at least 700 MW annually until 2020 and investing in energy efficiency, including the deployment of smart meters in Iberia and Portugal. EDP reports a 57% reduction in CO2 intensity compared to 2005 and aims for 75% by 2030. The company identifies political and regulatory uncertainties as primary challenges and advocates for transparent carbon pricing to accelerate the energy transition.

• EDP has established science-based targets to reduce direct (scope 1) and indirect (scope 2) greenhouse gas emissions from electricity production by 55% per TWh by 2030, using 2015 as the baseline. Additionally, the company aims to reduce absolute value chain emissions (scope 3) by 25% within the same timeframe.
• The company is implementing its targets through a strategy of increasing installed renewable capacity by at least 700 MW per year until 2020 and investing approximately EUR72 million since 2015 in innovation areas such as clean energy, smart distribution, and energy efficiency.
• EDP's energy efficiency efforts include the installation of over 1.5 million smart meters in Portugal, with a goal of 90% coverage for its distribution activities in Iberia by 2030. Its 'Save2Compete' business efficiency service has avoided 70,000 tons of CO2 and saved 170 GWh of energy since 2012.
• As of the reporting date, EDP has achieved a 57% reduction in CO2 intensity compared to 2005 levels, with a target of 75% by 2030. Renewable capacity currently stands at 72.4%, with a goal to exceed 75% by 2020.
• EDP identifies political and regulatory uncertainties across different regions as significant challenges to long-term targets and suggests that transparent, market-oriented carbon pricing is necessary to promote fuel switching and renewable energy penetration.

APA

Keogh, M. (2017). EDP: Science-based target case study. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/science-based-targets-case-study-edp/

Chicago

Keogh, Megan. EDP: Science-based target case study. We Mean Business Coalition, 2017. https://www.wemeanbusinesscoalition.org/blog/science-based-targets-case-study-edp/.

Wikipedia

{{cite report |last1=Keogh |first1=Megan |title=EDP: Science-based target case study |publisher=We Mean Business Coalition |date=9 August 2017 |url=https://www.wemeanbusinesscoalition.org/blog/science-based-targets-case-study-edp/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{keogh2017edp, author = {Keogh, Megan}, title = {{EDP: Science-based target case study}}, institution = {We Mean Business Coalition}, year = {2017}, month = aug, url = {https://www.wemeanbusinesscoalition.org/blog/science-based-targets-case-study-edp/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }