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CO₂ energy assessment: Making optimal use of carbon emissions
Understanding the science of climate change has now become an important part of any business. How to develop technology and hydrocarbon resources in an environmentally friendly way has become more important.
Energy fuels economic activity and growth. At present, hydrocarbons supply more than 80% of global energy needs, and they are expected to provide the foundation of the world’s energy for the remainder of this century. Consequently, management of carbon dioxide (CO₂) emissions is a priority.
Shell believes that the CO₂challenge cannot be met by one company alone. Instead, the Shell Group is striving for public-private partnerships and a strong policy framework.
In addition, Shell has been one of the first energy companies to acknowledge the threat of climate change and believes that most businesses can take steps to reduce their energy consumption and carbon emissions. The company set aggressive, voluntary CO₂emissions targets, aiming to reduce emissions from Shell’s operations in 2010 to a level at least 5% lower than in 1990. In 2005, emissions fell to 107 million tonnes of CO₂equivalent—15% below the 1990 level. This reduction was achieved through reduced flaring and increased efficiency in company operations.
Pursuing research and development into leading-edge technologies to further improve energy efficiency, generate energy cleanly and mitigate CO₂emissions are other options taken by Shell.