Shell targets net zero by 2050
Shell says transition plan on track despite Ukraine crisis
Scope one and two emissions down 18pc by end-2021 versus 2016 base year, company says in its latest energy transition progress report
Shell’s transition strategy remains on track despite the “extreme disruptions” to global energy markets caused by Russia’s invasion of Ukraine, and the company is making “strong progress” towards its 2050 net-zero target, the oil major says in its latest transition progress report. By the end of 2021, Shell had reduced its scope one and two emissions by 18pc compared with 2016 levels, it says in the report. The company is targeting a 50pc reduction by 2030. “For comparison, we estimate that global energy- and fossil-related CO₂ emissions actually rose by 2.4pc in the period between the end of 2016 and the end of 2021, based on IEA and other data,” Shell says. The company says it has achieved
Also in this section
24 April 2025
Liverpool Bay project on track for 2028 startup as Italian energy company reaches financial close with government for CO₂ transport and storage network
21 April 2025
Agreement on a two-tier emissions trading scheme does not go far enough to meet IMO GHG reduction targets, say observers
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
9 April 2025
AI is powering the Middle East & North Africa’s digital transformation, but can the region meet soaring energy demand sustainably? Small modular reactors may hold the key
