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Shell targets 2-3% reduction in carbon intensity this year

Oil&Gas Materials 15 April 2021 14:50 (UTC +04:00)
Shell targets 2-3% reduction in carbon intensity this year

BAKU, Azerbaijan, Apr.15

By Leman Zeynalova – Trend:

Royal Dutch Shell believes its total absolute emissions peaked in 2018 at 1.7 gigatonnes and the company’s climate target means it will have to bring that down to absolute net-zero emissions by 2050, Trend reports citing the company.

“As we work to achieve that target, and to measure our progress over the next three decades, we have set short-, medium- and long-term targets to reduce the carbon intensity of the energy products we sell. Carbon intensity is the total amount of greenhouse gas emissions associated with each unit of energy that we sell, and that is used by our customers. We use carbon intensity targets to measure our progress because we think they are the clearest way to demonstrate changes to our mix of energy products over time, as we add and then shift to low-carbon energy products and services,” Shell said in its Energy Transition Strategy.

The company has set specific carbon intensity reduction targets for the following years: 2-3 percent by 2021; 3-4 percent by 2022; 6-8 percent by 2023. It also has medium- and long-term carbon intensity targets, in step with society: 20 percent by 2030; 45 percent by 2035 and 100 percent by 2050.

Shell’s carbon intensity in 2020 was 75 gCO2e/MJ, a 4 percent reduction from the previous year and a 5 percent reduction from the 2016 reference year. In 2020, one of the major causes of this reduction was lower demand for energy. Demand for oil products experienced the most significant reduction, followed by natural gas and LNG. Another important factor contributing to the reduction of the company’s carbon intensity was the increase in its power sales in absolute terms as well as in their share of the energy mix sold by Shell. The power Shell sold also had a lower average emissions intensity than in previous years, which further contributed to the overall reduction.

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Follow the author on Twitter: @Lyaman_Zeyn

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