Repsol outlines transition financing plan
Firm will use green and transition bonds to finance various emissions reductions projects
Spanish oil and gas firm Repsol has laid out a plan for the financing tools it will use to achieve its transition to net-zero emissions. Repsol has set a roadmap to become a net-zero emissions company by 2050, with a reduction in carbon intensity of 12pc below a 2016 baseline by 2025, 25pc by 2030, and 50pc by 2040. These figures formed the basis of the firm’s 2021-2025 strategic plan, which was presented to investors in the first half of 2020. 50pc – Repsol’s targeted emissions reductions by 2040 Repsol has now released a framework showing how it expects to finance this plan using three types of financial instruments. Green bonds will be used for renewable energy and hydrogen projec
Also in this section
3 May 2024
Developers look to government’s forthcoming budget to restore support as industry suffers loss of momentum
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist