...

Shell proposes guidelines for achieving net-zero emissions in EU

Oil&Gas Materials 15 April 2021 16:04 (UTC +04:00)
Shell proposes guidelines for achieving net-zero emissions in EU

BAKU, Azerbaijan, Apr.15

By Leman Zeynalova – Trend:

Royal Dutch Shell has proposed proposals for achieving net-zero emissions in the EU in the next 30 years, Trend reports citing the company.

Net-zero emissions in the EU could mean the following:

Double the generation of electricity, triple its share of final energy; Shift the electricity mix to 75 percent renewables, no coal; Target 10 percent hydrogen in final energy, including as a fuel for heating, industry and heavy transport; Triple the use of biofuels, with a shift to advanced forms Targeting behavioural incentives; Invest in infrastructure to improve energy efficiency per unit of GDP by almost 45 percent; Incentivise green consumer and business choices in support of the green economy; Progressively raise the government-led carbon price in the EU to more than €200/tonne of CO2 equivalent in 2050 Removing emissions; Build at least two major carbon capture and utilisation facilities every month (more than 1 million tonnes each); Reforest at least 220,000 square kilometres in the EU (about half the area of Spain) to remove the remaining 300 million tonnes of CO2 in 2050.

“Achieving the goal of the Paris Agreement will require simultaneous growth in supply and demand for low-carbon energy. Crucially, it will also require significant changes to the way our customers use energy, whether they are motorists, households or businesses. All parts of society including energy producers, consumers and policymakers will need to take action. That is why our strategy is based on working with our customers and others to accelerate the transition of the energy system. This includes supporting government policies that will help the world achieve net-zero emissions by 2050,” said the company.

---

Follow the author on Twitter: @Lyaman_Zeyn

Tags:
Latest

Latest