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UPDATE 1-Oil giant Shell accelerates 2050 carbon reduction targets

Thu, 11th Feb 2021 07:21

(Adds details)

By Ron Bousso and Shadia Nasralla

LONDON, Feb 11 (Reuters) - Oil major Royal Dutch Shell
will accelerate near-term and long-term plans aimed at
reducing its net carbon emissions intensity to zero by 2050, it
said on Thursday, adding that its emissions peaked in 2018.

Shell said it aims to reduce its net intensity by between 6%
and 8% from 2016 levels by 2023. The target rises to 20% by
2030, 45% by 2035 and 100% by the middle of the century.

The company had previously said it would reduce its net
carbon footprint emission intensity metric by at least 3% by
2022, 30% by 2035 and 65% by 2050 from a 2016 baseline.

Intensity levels represent emissions per unit of energy
produced, technically allowing higher production.

(Reporting by Ron Bousso and Shadia Nasralla
Editing by David Goodman)

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