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With oil past peak, Shell sharpens 2050 zero emissions goal

With oil past peak, Shell sharpens 2050 zero emissions goal

Ron Bousso, and Shadia Nasralla of Reuters report that Shell has sharpened its emissions reductions targets.

The C3 Take
  • Shell plans to lower its carbon intensity by between 6% and 8% by 2023, 20% by 2030, 45% by 2035, and 100% by mid-century.
  • Shell will aim to reach its goals through increased investments in hydrogen and low-carbon energy.
  • Shell’s commitment shows that the private sector is willing to find ways to meaningfully lower emissions.

“Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, raising its ambition from previous targets, as its oil output declines from a 2019 peak.”

Read the full article here.

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