Shell plans to retire around 120 million mtCO2e of carbon credits in 2030,some 20 times the volume it retired in a pandemicaffected 2021.Shell's net total emissions fell 16% in five years to 1,375 million mtCO2e in 2021,it said in a report summarizing plans to expand carbon capture and storage,renewables,hydrogen production,electric vehicle charging and sustainable aviation fuel capacity.Net total emission refers to the company's direct and indirect greenhouse gas emissions based on sales of energy products.Shell has committed to realize'net-zero'by 2050 in terms of the net total emission."This extreme disruption in global energy markets has shown that affordable,secure,and reliable energy cannot be taken as a given...Essentially,an accelerated transition is the best way to ensure security of energy supplies,"Shell chairman Andrew Mackenzie said in the report.
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