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
12 March 2026
Role of world’s largest carbon cap-and-trade market under scrutiny as war in Iran threatens to drive EU energy costs to unsustainable levels
10 March 2026
Europe urgently needs to bring more projects to FID, as CCS investors warn they might divert capital to faster-growing regions
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
