Fossil fuels are the main driver of the human-caused climate crisis, and science shows deep, sustained reductions to emissions are required this decade.
In an annual update on its energy transition strategy on Thursday, Shell said it will target a 15-20% reduction in net carbon intensity of its energy products by 2030 compared with 2016 intensity levels.
Measuring emissions by intensity means a company can technically increase its fossil fuel output and overall emissions while using offsets or adding renewable energy or biofuels to its product mix.
The company retired a previous target to reduce its carbon intensity by 45% by 2035.
Shell also maintained its target to halve emissions from its own operations, known as Scope 1 and 2 emissions, by 2030, saying it had already achieved more than 60% of that target.
Persons:
Shell, Wael Sawan’s, “, ”, Backtrack, Mark van Baal, ” Shell
Organizations:
CNN
Locations:
“, Paris, Singapore, Germany