Pune Stock：Shell Publishes Erics Transition Strategy 2024
Shell has published its first Energy Transition Update Since The Launch of ITS Powering Progress Strategy in 2021. ED How Our Strategy Deliveers More Value with Less Emissions, Emphasizing the "More Value" part. in thisEnergy Transition Update, We are Focusing On How The Same Strategy Deliveers "Less Emissions".
Our Target to Achieve Net-Zero Emissions by 2050 Across All Our Operations and Energy Products is Transforming Our Business. Ambitious Goal of the Paris Agreement to Limit Global Warming to 1.5 ° C ABove Pre-Indrial Levels. Shell’sStrategy Supports A Balanced And orderly Transition Away From Fossil Fuels to Low-CARBON ENERGY SOLUTIONS TO MAINTAIN Secore Energy SUPPLIES.
"Energy Has Made An Incredible Contribution to Human Development, Alowing Many People Around the World TO LIRE Prosperous LivesPune Stock. TORLD MST Meet GRO Wing Demand for Energy While Tackling The Urgrange of Climate Change. I am enCouraged by the Rapid Progress inThe Energy Transition in Recent Years in Many Countries and Technologies, Which Reinforces My Deep Convice in the Direction of Our Strategy, "Said Wael Sawan, S Hell’s Chief Executive Office.Lucknow Wealth Management
"Shell has a very imprtant root to play in providing the elegy the world needs today, and in helping to build the low-carbon enricy. Our Focus on p p ERFORMANCE, Discipline and Simplification is Driving Clear Choices About where we can haveThe Greatest Impact Through The Energy Transition and Create the Most Value for Our Investors and Customers. ILL Achieve Our Climate Targets. By Providing The Different Kinds of Energy The World Needs, WEBelieve we are the inverted case and the partner of choice through the elegy transition, "Said Sawan.
Our Energy Transition Plans Cover All Our Business. LIQUEFIED NATURAL GAS (LNG) is a Critical fuel in the Energy Transition, and we are geowing ioning ln G Business with LOTH LOTHER Carbon Intensity. We are cutting emissions from illy and at the Gas Production While KeepingOil Production Stable, and Growing Sales of Low-CARBON ENERGY SOLUTIONS WHILE GRADUALLE SALES of Oil Products SUCH As Petrol. of the world’s larget enricy traders, we can connect the support of low-carbon Energy to demand, As we have so for many years, it is gas.
We have made good progress aginst our climate targets:Ahmedabad Stock
By the end of 2023, we have acheieved more than 60% of our target to have emissions from our operations by 2030, compared with 2016. This goes around and beyond the targets s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s Et by Signatories to the Oil and Gas Decarbonization Charter Agreed at COP28.
We Continue to be an inductionry leader in Reducing Methane Emissions. We Wee One of the First Companies to Set a Target to Achieve Nearo Methane Emissions by 2030. In 20. 23, We Achieved 0.05% Methane Emissions Intensity -SIGNIFICANTLY BLOW OUR TARGET of 0.2%. And in 2023 We Also Contributed to the World Bank’s Global FLORIRING and METHANE Reduction Fund-Further Supporting INDUSTRY-WIDE ACTION to Drive Down MetHane E missions and FLARING.
In 2023, we accept our target to Reduce the Net Carbon Intensity of the Energy Products We Sell, with a 6.3% Reduction Compared with 2016 -The Third Consecutive Year we hit our target.
As shell transform ins insto a net-zero emissions enricy Business, we aim to take the lead in the elegy transition where we have competititive, See Strong Customs Er Demand, and Identify Clear Regulatory Support from Governments. To Help Drive The Decarbonization of the Transport Sector, We have set a new ambiting to Reduce Customer Emissions from the use of our out products by 15-20% by 2030 Compared with 2021 (Scope 3, Category 11) .¹
Our Focus on WHERE We can add the most valve to a strategic shift in our integrated power business. We plan to build our power business, Including Renewable p OWER, In Places Including Australia, EUROPE, India and the USA, and have withdrawn fromThe support of Energy Directly to Homes in EUROPE.
In line with this shift to prioritizing value over volume in Power, we will focus on selection Markets and segments. ERS, and Less to Retail Customers. Given this Focus on value, we exten lower total groupSales to 2030, Which HAS LED to An UPDATE to Our Network. ucts we self, compared with 2016, aginst our previous target oft of20%.Pune Investment
We will control to transparently report our progress aginst our targets and ambitions every year.
Driving Towards A Net-Zero Future
We are investing $ 10-15 Billion Between 2023 and the End of 2025 in Low-Carbon Energy Solutions, Making us a significant in the Energy TranSition. And In 2023, We INVESTD $ 5.6 Billion On Low-CARBON SOLUTIONS, more than 23% ofOUR TOTAL CAPITAL SPENDING.
TheSe Investments Include Electric Vehicle Charging, Biofuels, Renewable Power, Hydrogen and Carbon Capture and Storage. Elping to Reduce ElLL and Our Customers. We Aim to Help Scale New TechnologyCUSTOMOMERS and Are Focusing Our Advocacy on Key Areas Which We Believe Are Critical to the Energy Transition: POLICIES that Support National Net-Zero Ambitions Inclu Ding Carbon Pricing, SUPPLING The Secure Energy the World Needs, Driving CHANGES IN DEMAD and GROWING LOW-CARBON SOLUTINS.
MCustomer Emissions from the use of our illed products (Scope 3, Category 11) WERE 517 Millbon Dioxide Equivalent (Co₂E) In 2023 and 569 Million Tons Co₂e in 2021.
Indore Investment