{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","color":"brand1-solid","model":{"title":"Global climate and energy transition policy positions","text":"\u003Cp\u003EOur global climate and energy transition policy positions set out the key policies we believe are needed to help provide secure energy supplies, drive changes in consumer behaviour, and increase investment in low-carbon energy solutions.\u003C/p\u003E\r\n","links":[{"name":"Global climate and energy transition policy positions","value":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions.html"}],"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/metadata.shellimg.jpeg/1746678132091/policy-positions-header-paris.jpeg","alt":"Policy position header","width":1710,"height":972}},"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/metadata"},{"organism":"ContentOwner","color":"brand1-solid","model":{},"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/contentowner"},{"organism":"Container.Header","children":[{"organism":"Container.Raw","ref":"https://www.shell.com/_jcr_content/root/header/inherited.model.json","id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/header/inherited","model":{}},{"organism":"Breadcrumb","model":{"links":[{"name":"Home","value":"https://www.shell.com/"},{"name":"Sustainability","value":"https://www.shell.com/sustainability.html"},{"name":"Advocacy and political activity","value":"https://www.shell.com/sustainability/advocacy-and-political-activity.html"},{"name":"Global climate and energy transition policy positions","value":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions.html"}]},"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/header/breadcrumb"}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/header","model":{}},{"organism":"Container.Main","children":[{"organism":"Container.Section","children":[{"organism":"PageHeader","color":"brand2","model":{"title":"Shell’s global climate and energy transition policy positions","text":"\u003Cp\u003EOur global climate and energy transition policy positions set out the key policies we believe are needed to help provide secure energy supplies, drive changes in consumer behaviour, and increase investment in low-carbon energy solutions.\u003C/p\u003E\r\n"},"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section/item"},{"organism":"PromoSimple.Text","color":"inherited","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section/text","model":{"text":"\u003Cp\u003EShell’s advocacy to governments is an important part of our strategy to deliver more value with less emissions. We support government policies that help society to achieve the goal of the Paris Agreement and net-zero emissions by 2050.\u003C/p\u003E\r\n\u003Cp\u003EShell advocates robust policy, legislation and regulation in areas where we can best reduce our own emissions, support the decarbonisation of our customers and help accelerate the energy transition. Our climate and energy transition positions cover overarching net-zero emissions policies such as carbon pricing, and specific policy areas relating to the supply of secure energy, changing energy demand in the transport and industry sectors, and growing low-carbon solutions such as biofuels, renewable power, carbon capture and storage and hydrogen.\u003C/p\u003E\r\n\u003Cp\u003EOur policy positions serve as a global framework for Shell’s advocacy with governments, international organisations, industry associations, coalitions, and other stakeholders globally, regionally and within countries. The positions are an important part of our drive to provide greater transparency around our climate advocacy, and to meet expectations of institutional investors, non-governmental organisations and wider society. In applying the positions, we recognise that the pace of the energy transition varies around the world. \u003Ca href=\"https://www.shell.com/sustainability/advocacy-and-political-activity/climate-and-energy-transition-advocacy-updates.html\" target=\"_self\"\u003EOur advocacy updates page\u003C/a\u003E provides detailed information about the advocacy we undertake against each of the positions.\u003C/p\u003E\r\n"}},{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section/standalone_asset","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section/standalone_asset.shellimg.jpeg/1709312663359/solar-farm-wind-turbine.jpeg","alt":"Solar Farm wind turbine","width":3840,"height":2160}}},{"organism":"PromoSimple.Text","color":"brand1-subtle","colspan":8,"colstart":3,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section/text_1913840148","model":{"text":"\u003Cp\u003EOur positions focus on the key policy enablers in the sectors where we are most active and have competitive strengths. In addition to these positions, Shell has set out its approach and priorities on other critical issues such as \u003Ca href=\"https://www.shell.com/sustainability/people/a-just-transition.html\" target=\"_self\"\u003Ejust energy transition\u003C/a\u003E, \u003Ca href=\"https://www.shell.com/sustainability/environment.html\" target=\"_self\"\u003Ethe environment\u003C/a\u003E, and \u003Ca href=\"https://www.shell.com/sustainability/people/human-rights.html\" target=\"_self\"\u003Ehuman rights\u003C/a\u003E.\u003C/p\u003E\r\n"}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section","model":{}},{"organism":"Container.Section","color":"inherited","children":[{"organism":"PromoSimple","color":"brand1-subtle","colspan":3,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2044614311/promo","model":{"title":"Achieving net-zero emissions ","links":[{"name":"Jump to section","value":"#achieving-net-zero-emissions","icon":"/content/dam/shell/icons/global/navigation/arrow-down.svg"}],"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_2044614311/promo.shellimg.jpeg/1756332234461/net-zero-emission.jpeg","alt":"net zero emission","width":3813,"height":2148}}},{"organism":"PromoSimple","color":"brand1-subtle","colspan":3,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2044614311/promo_copy","model":{"title":"Supplying the secure energy the world needs","links":[{"name":"Jump to section","value":"#supply","icon":"/content/dam/shell/icons/global/navigation/arrow-down.svg"}],"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_2044614311/promo_copy.shellimg.jpeg/1709652542618/supplying-secure-energy-asset-promo.jpeg","alt":"Supplying the secure energy the world needs","width":3840,"height":2160}}},{"organism":"PromoSimple","color":"brand1-subtle","colspan":3,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2044614311/promo_copy_copy_2097938978","model":{"title":"Driving changes in demand","links":[{"name":"Jump to section","value":"#driving","icon":"/content/dam/shell/icons/global/navigation/arrow-down.svg"}],"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_2044614311/promo_copy_copy_2097938978.shellimg.jpeg/1710318056743/ev-refuelling.jpeg","alt":"ev-refuelling","width":3840,"height":2160}}},{"organism":"PromoSimple","color":"brand1-subtle","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2044614311/promo_copy_copy","model":{"title":"Growing low carbon solutions","links":[{"name":"Jump to section","value":"#low","icon":"/content/dam/shell/icons/global/navigation/arrow-down.svg"}],"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_2044614311/promo_copy_copy.shellimg.jpeg/1710238882855/shell-station.jpeg","alt":"Growing low carbon solutions","width":3813,"height":2148}}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2044614311","model":{"title":"Explore our policy positions"}},{"organism":"Container.Section","children":[{"organism":"Tabs","color":"inherited","children":[{"organism":"Container","children":[{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer/revealer_item/standalone_asset","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_903633417/revealer/revealer_item/standalone_asset.shellimg.jpeg/1710238910357/net-zero-emission.jpeg","alt":"net zero emission","width":3840,"height":3840}}},{"organism":"PromoSimple.Text","color":"inherited","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer/revealer_item/text","model":{"text":"\u003Cp\u003EMost of our climate and energy transition policy positions call for policies and interventions related to the sectors in which we operate, in particular the production of oil and gas, and the supply and demand of low-carbon energy solutions in transport and industry. However, we also actively engage on policy topics that apply across the whole energy system and wider economy.\u003C/p\u003E\r\n\u003Cp\u003EGovernments have an indispensable role to play in the energy transition. The need for comprehensive, coherent and consistent policy frameworks that will drive decarbonisation in key sectors is crucial. Policy choices should be informed by the robust and transparent modelling of the impacts on consumers and industry as well as the impact on emissions.\u003C/p\u003E\r\n\u003Cp\u003EShell believes that a price on carbon is a central pillar of any comprehensive net zero-emissions (NZE) policy framework. A carbon price provides an economic signal to help change the behaviour of consumers, businesses, and investors; spurring technological innovation and generating revenues that can be allocated towards the energy transition.\u003C/p\u003E\r\n\u003Cp\u003ECarbon credits, generated through high-integrity projects, can be used to compensate for emissions that cannot be avoided or reduced. We believe that NZE policy frameworks should recognise the important contribution that carbon credits can make and support international carbon market co-operation.\u003C/p\u003E\r\n"}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer/revealer_item/text_647532153","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer/revealer_item","model":{"title":"Overview"}},{"organism":"Container","children":[{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer/revealer_item_1209479862/standalone_asset_cop","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_903633417/revealer/revealer_item_1209479862/standalone_asset_cop.shellimg.jpeg/1709316979030/net-zero-emissions-nze-implementation.jpeg","alt":"net zero emission implementation","width":3828,"height":2157}}},{"organism":"PromoSimple.Text","color":"brand2","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer/revealer_item_1209479862/text_copy","model":{"text":"\u003Cp\u003EWe are calling on governments and policymakers to:\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003ETranslate NZE targets into comprehensive policy frameworks to achieve national NZE goals\u003C/b\u003E. This should include:\u003C/p\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003Esetting strengthened Nationally Determined Contributions (NDCs) that deliver an emissions reduction pathway consistent with national NZE targets, while ensuring security of supply;\u003C/li\u003E\r\n\u003Cli\u003Edeveloping clear and credible strategies and roadmaps that achieve NDCs and NZE-aligned pathways in key sectors, and address other key enablers such as infrastructure, permitting and supply chains, and appropriate fiscal frameworks;\u003C/li\u003E\r\n\u003Cli\u003Esupporting private sector investment through predictable, coherent and balanced policymaking, and consistent global frameworks for carbon accounting and reporting;\u003C/li\u003E\r\n\u003Cli\u003Eensuring a fair distribution of the economic and social costs and benefits of the \u003Ca href=\"https://www.shell.com/sustainability/people/a-just-transition.html\" target=\"_self\"\u003Etransition\u003C/a\u003E to net-zero, while maintaining competitiveness, and recognising the growing urgency to protect and enhance \u003Ca href=\"https://www.shell.com/sustainability/environment/biodiversity-and-ecosystems.html\" target=\"_self\"\u003Ebiodiversity\u003C/a\u003E and other natural resources.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n","links":[{"name":"Read more about our strategy","value":"https://www.shell.com/what-we-do/our-strategy.html"}]}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer/revealer_item_1209479862/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer/revealer_item_1209479862","model":{"title":"NZE implementation"}},{"organism":"Container","children":[{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer/revealer_item_1585974061/standalone_asset_cop","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_903633417/revealer/revealer_item_1585974061/standalone_asset_cop.shellimg.jpeg/1709319380495/net-zero-emissions-carbon-pricing.jpeg","alt":"Carbon pricing","width":3828,"height":2157}}},{"organism":"PromoSimple.Text","color":"brand2","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer/revealer_item_1585974061/text_copy_copy","model":{"text":"\u003Cp\u003EWe are calling on governments and policymakers to:\u003Ca id=\"carbon-pricing\"\u003E\u003C/a\u003E\u003C/p\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003E\u003Cb\u003EPut a direct price on carbon emissions\u003C/b\u003E as part of a broader policy framework to achieve net-zero emissions. The carbon price, whether through an emissions trading system (so called cap-and-trade), carbon tax, or a hybrid system, should apply to as many sectors of the economy as possible and increase over time. Shell believes market-based mechanisms, such as an emissions trading system, are preferable as they incentivise decarbonisation at the lowest cost, and support the long-term development of a global carbon market.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003EIntegrate carbon credits and nature-based solutions into carbon markets\u003C/b\u003E in a manner that supports a robust price on greenhouse gas (GHG) emissions, such that it encourages investment in emissions abatement and low-carbon technologies. \u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003ESupport international carbon market cooperation under Article 6 of the Paris Agreement\u003C/b\u003E, and ensure that international carbon credit transactions have environmental integrity by avoiding double counting across national inventories.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n","links":[{"name":"Read more about Shell and Carbon Pricing","value":"https://www.shell.com/sustainability/advocacy-and-political-activity/carbon-pricing.html"}]}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer/revealer_item_1585974061/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer/revealer_item_1585974061","model":{"title":"Carbon Pricing"}},{"organism":"Container","children":[{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer/revealer_item_1754218680/standalone_asset_cop","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_903633417/revealer/revealer_item_1754218680/standalone_asset_cop.shellimg.jpeg/1709319659286/net-zero-emissions-carbon-credits.jpeg","alt":"Carbon credit","width":3828,"height":2157}}},{"organism":"PromoSimple.Text","color":"brand2","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer/revealer_item_1754218680/text_copy_copy_copy","model":{"text":"\u003Cp\u003EWe are calling on governments and policymakers to:\u003C/p\u003E\r\n\r\n\u003Cul\u003E\r\n\u003Cli\u003E\u003Cstrong\u003ERecognise the value of high-quality carbon credits as an immediate decarbonisation tool\u003C/strong\u003E that drives much-needed finance to projects, at-risk ecosystems, and communities. Public and private investment in the protection and restoration of natural ecosystems should be incentivised, alongside transparent use of carbon compensation that complements and does not displace efforts to avoid and reduce GHG emissions.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cstrong\u003EEnsure high integrity for all carbon credits\u003C/strong\u003E, consistent with international standards to support fungibility in global markets, through clearly defined frameworks for monitoring, reporting, and verification (MRV).\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\r\n\r\n","links":[{"name":"Read more about Shell Environmental Products","value":"https://www.shell.com/shellenergy/othersolutions/environmental-products.html"}]}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer/revealer_item_1754218680/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer/revealer_item_1754218680","model":{"title":"Carbon Credits"}}],"model":{"links":[{"name":"Overview"},{"name":"NZE implementation"},{"name":"Carbon Pricing"},{"name":"Carbon Credits"}]},"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417/revealer"}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_903633417","model":{"title":"Achieving net-zero emissions"}},{"organism":"Container.Section","color":"brand1-subtle","children":[{"organism":"PromoSimple.Text","colspan":7,"colstart":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/text","model":{"text":"\u003Ch2\u003ESupplying the secure energy the world needs\u003Ca id=\"supply\"\u003E\u003C/a\u003E\u003C/h2\u003E\n"}},{"organism":"Tabs","color":"inherited","children":[{"organism":"Container","children":[{"organism":"PromoSimple.Text","color":"inherited","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524/revealer_item/text","model":{"text":"\u003Cp\u003EPeople rely on affordable and secure energy for everyday life. It is therefore critical that the world does not dismantle the current energy system faster than it can build the low-carbon energy system of the future. We work with governments, communities and partners to provide input into the development of policy and regulatory mechanisms which support the production and supply of oil and gas with less emissions.\u003C/p\u003E\r\n\u003Cp\u003EWe believe that natural gas and liquefied natural gas (LNG) will play a key role in the energy transition by providing energy security, flexibility alongside renewable energy, as well as a lower-carbon alternative to coal in power and industry. We are also responsibly producing the oil that will be needed for decades to come, with a focus on cost and carbon competitiveness.\u003C/p\u003E\r\n\u003Cp\u003EReducing methane emissions is an urgent priority for the oil and gas sector, and we believe it is crucial to help achieve net-zero emissions by 2050. Methane is the main component of natural gas and is a relatively short-lived but highly potent greenhouse gas. It is released through routine flaring and venting during oil and gas and LNG production and can also leak during the production and transport of oil and gas. Shell remains a leader in reducing methane emissions. As of January 2025, we have eliminated routine flaring from our Upstream operated assets\u003Csup\u003E1\u003C/sup\u003E – five years ahead of the deadline adopted by most companies in our sector.\u003C/p\u003E\r\n\u003Cp\u003E\u003Csup\u003E1\u003C/sup\u003E \u003Csub\u003EThis was achieved following the completion of essential gas capture projects and the shut-in of remaining facilities that do not yet meet the applicable emissions standards by The Shell Petroleum Development Company of Nigeria Limited (SPDC). As a result, on January 1, 2025, SPDC ceased routine flaring of associated gas. On March 13, 2025, Shell completed the sale of SPDC to Renaissance.\u003C/sub\u003E\u003C/p\u003E\r\n"}},{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524/revealer_item/standalone_asset","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_437128217/revealer_556948524/revealer_item/standalone_asset.shellimg.jpeg/1709653461671/supplying-secure-energy-asset-promo.jpeg","alt":"Supplying secure energy","width":2160,"height":2160}}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524/revealer_item/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524/revealer_item","model":{"title":"Overview"}},{"organism":"Container","children":[{"organism":"PromoSimple.Text","color":"brand2-subtle","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524/revealer_item_2143972115/text_copy","model":{"text":"\u003Cp\u003EWe are calling on governments and policymakers to:\u003C/p\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003E\u003Cb\u003ESet clear regulatory frameworks\u003C/b\u003E covering the full project lifecycle, from licencing and exploration to decommissioning. These should encourage the reduction of emissions from oil and gas production, be aligned with net-zero pathways and provide long-term fiscal and regulatory predictability.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003EDevelop market structures and regulatory incentives that reward reducing emissions from oil and gas production\u003C/b\u003E to establish a global level playing field between producers. These could include carbon pricing, certification schemes, or lifecycle GHG performance standards for feedstocks in low-carbon products.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003EEstablish policy frameworks that help hydrocarbons producers decarbonise production activities\u003C/b\u003E, including facilitating connections to electricity grids, support for repurposing of existing infrastructure and upfront funding to launch new carbon capture and storage (CCS) value chains.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003ECreate clear regulations to manage end-of-project liabilities\u003C/b\u003E, ensuring that responsibility for decommissioning of oil and gas production facilities is clearly established, with appropriate financial assurance provided by existing and new licensees based on financial strength.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n","links":[{"name":"Read more about Oil and natural gas","value":"https://www.shell.com/what-we-do/oil-and-natural-gas.html"}]}},{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524/revealer_item_2143972115/standalone_asset_cop","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_437128217/revealer_556948524/revealer_item_2143972115/standalone_asset_cop.shellimg.jpeg/1709321095583/supplying-secure-energy-upstream.jpeg","alt":"Supplying secure energy upstream","width":3828,"height":2157}}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524/revealer_item_2143972115/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524/revealer_item_2143972115","model":{"title":"Upstream"}},{"organism":"Container","children":[{"organism":"PromoSimple.Text","color":"brand2-subtle","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524/revealer_item_1930832487/text_copy_copy","model":{"text":"\u003Cp\u003EWe are calling on governments and the finance community to:\u003C/p\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003E\u003Cb\u003ERecognise the role of gas and LNG in the energy transition and in securing stable energy supplies\u003C/b\u003E, in line with the individual decarbonisation pathways of countries. This includes streamlined planning, permitting and support for infrastructure. Shell also calls on governments to enable transparent and efficient energy markets that deliver secure supplies with minimal interventions.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003EShell calls on governments to enact policies that facilitate the cost-efficient uptake of a diverse supply of current and future fuels\u003C/b\u003E through explicit carbon pricing and targeted demand-side measures. These include time-limited support for demonstrating and scaling production of low-carbon energy solutions, including hydrogen.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n","links":[{"name":"Read more about Liquefied natural gas (LNG)","value":"https://www.shell.com/what-we-do/oil-and-natural-gas/liquefied-natural-gas-lng.html"}]}},{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524/revealer_item_1930832487/standalone_asset_cop","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_437128217/revealer_556948524/revealer_item_1930832487/standalone_asset_cop.shellimg.jpeg/1709321065950/supplying-secure-energy-gas-and-low-carbon-gases.jpeg","alt":"Supplying secure energy","width":3828,"height":2157}}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524/revealer_item_1930832487/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524/revealer_item_1930832487","model":{"title":"Gas and low-carbon gases"}},{"organism":"Container","children":[{"organism":"PromoSimple.Text","color":"brand2-subtle","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524/revealer_item_2009701127/text_copy_copy_copy","model":{"text":"\u003Cp\u003EWe are calling on governments and policymakers to:\u003C/p\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003E\u003Cb\u003EAim for near-zero methane emissions (on an intensity basis) by 2030\u003C/b\u003E throughout the gas value chain through direct regulations such as performance standards, based on robust monitoring, reporting and verification frameworks.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003EEnd routine flaring as soon as possible and no later than 2030\u003C/b\u003E to help achieve such standards.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n","links":[{"name":"Read more about methane emissions","value":"https://www.shell.com/what-we-do/oil-and-natural-gas/methane-emissions.html"}]}},{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524/revealer_item_2009701127/standalone_asset_cop","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_437128217/revealer_556948524/revealer_item_2009701127/standalone_asset_cop.shellimg.jpeg/1709321602212/supplying-secure-energy-methane.jpeg","alt":"Supplying secure energy methane","width":3828,"height":2157}}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524/revealer_item_2009701127/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524/revealer_item_2009701127","model":{"title":"Methane"}}],"model":{"links":[{"name":"Overview"},{"name":"Upstream"},{"name":"Gas and low-carbon gases"},{"name":"Methane"}]},"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217/revealer_556948524"}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_437128217","model":{}},{"organism":"Container.Section","children":[{"organism":"PromoSimple.Text","colspan":5,"colstart":5,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/text","model":{"text":"\u003Ch2\u003EDriving changes in demand\u003Ca id=\"driving\"\u003E\u003C/a\u003E\u003C/h2\u003E\n"}},{"organism":"Tabs","color":"inherited","children":[{"organism":"Container","children":[{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421/standalone_asset_cop","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_2023923595/revealer/revealer_item_175421/standalone_asset_cop.shellimg.jpeg/1710238933436/shell-recharge-station-for-electric-vehicle.jpeg","alt":"driving changes in driving demand","width":3840,"height":3840}}},{"organism":"PromoSimple.Text","color":"brand2","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421/text_copy_copy_copy","model":{"text":"\u003Cp\u003EWe are aiming to take the lead in the energy transition where we have competitive strengths, see strong customer demand, and identify clear regulatory support from governments. The transport and industry sectors are good examples. Demand for energy services in these sectors will continue to grow and evolve and will have to be met by a combination of different types of energy. The pace of change, and choice of solution will vary by region, country and sector.\u003C/p\u003E\r\n\u003Cp\u003EWe expect passenger cars will make the transition to low-carbon fuels most rapidly, with electric vehicles replacing petrol and diesel cars. Our investment in electric vehicle charging will be concentrated in markets where we hold a competitive advantage and where customer demand is strongest.\u003C/p\u003E\r\n\u003Cp\u003EIn commercial road transport and aviation, oil products dominate because of their high energy density, convenience and cost competitiveness. We are focussing on producing biofuels, such as sustainable aviation fuel (SAF) and renewable diesel, to reduce emissions in these sectors. In the marine sector we expect demand for LNG as a fuel to grow before other solutions such as renewable natural gas are available. For industrial customers, especially in slower-to-abate sectors, we see continued switching from coal to natural gas and LNG and then growing demand for CCS and hydrogen.\u003C/p\u003E\r\n\u003Cp\u003EPolicy plays a key role in helping to shift customer demand, further technology development and infrastructure investment in road transport towards low-carbon energy. Policy roadmaps, low-carbon product demand stimulation through mandates or targets, anticipatory support for infrastructure, and support and incentives for low-carbon choices will all be important.\u003C/p\u003E\r\n"}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421","model":{"title":"Overview"}},{"organism":"Container","children":[{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_453128066/standalone_asset_cop_959322380","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_453128066/standalone_asset_cop_959322380.shellimg.jpeg/1709400540318/driving-changes-in-demand-road-hdv.jpeg","alt":"driving changes in driving demand in hdv","width":3828,"height":2157}}},{"organism":"PromoSimple.Text","color":"brand2","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_453128066/text_copy_copy_copy","model":{"text":"\u003Cp\u003EWe are calling on governments and policymakers to:\u003C/p\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003E\u003Cb\u003EEstablish policy frameworks which set holistic road transport standards that provide a clear path to net-zero carbon emissions for road transport\u003C/b\u003E and which support widespread adoption of zero and low-emission vehicles, low-carbon fuels, investment in infrastructure and which enable customer choice. Policy frameworks should:\u003Cul\u003E\r\n\u003Cli\u003Erecognise the role both electric vehicles and renewable and low-carbon fuels can play to help decarbonise road transport;\u003C/li\u003E\r\n\u003Cli\u003Eencourage customers to choose the lowest carbon intensity and net-zero emission fuel and vehicles; \u003C/li\u003E\r\n\u003Cli\u003Esupport the production of low-carbon fuels to reduce emissions from internal combustion engine vehicles as part of the energy transition;\u003C/li\u003E\r\n\u003Cli\u003Eenable commercial investment in EV charging infrastructure ensuring that infrastructure build out is aligned with customer demand, EV adoption and infrastructure utilisation;\u003C/li\u003E\r\n\u003Cli\u003Estrengthen and decarbonise the electricity grid, remove grid barriers which delay build out of EV infrastructure, and adopt simplified permitting procedures.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\u003C/li\u003E\r\n\u003Cli\u003EDecarbonisation of road transport will vary in pace in different markets depending on a range of social, economic and technological factors. Policies should reflect these variations while continuing to drive decarbonisation.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n","links":[{"name":"Read more about road transport","value":"https://www.shell.com/business-customers/commercial-fuels.html"}]}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_453128066/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_453128066","model":{"title":"Road transport"}},{"organism":"Container","children":[{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_1103090286/standalone_asset_cop","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_1103090286/standalone_asset_cop.shellimg.jpeg/1709400968388/driving-changes-in-demand-aviation.jpeg","alt":"driving changes in driving demand in aviation","width":3828,"height":2157}}},{"organism":"PromoSimple.Text","color":"brand2","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_1103090286/text_copy_copy_copy","model":{"text":"\u003Cp\u003E\u003Ca id=\"aviation\"\u003E\u003C/a\u003EShell believes sustainable aviation fuel (SAF) is the only scalable in-sector option to help materially reduce emissions from flight in the 2050 timeframe. Policy has a key role to play in overcoming the barriers to scaling SAF uptake. We are calling on governments and policymakers to:\u003C/p\u003E\r\n\r\n\r\n\u003Cul\u003E\r\n\u003Cli\u003E\u003Cstrong\u003EWork towards a harmonised global approach and level playing field\u003C/strong\u003E, especially for feedstock eligibility, sustainability criteria and life-cycle emissions values.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cstrong\u003ESet targets, in line with achieving the International Civil Aviation Organisation’s (ICAO) ambitions\u003C/strong\u003E, and support them through policies such as mandates that can help overcome the uncertainty in demand.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cstrong\u003EIncentivise production and supply for the long term\u003C/strong\u003E, ensuring price stability through levers such as revenue certainty mechanisms.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cstrong\u003EProvide loan guarantees and grants to stimulate finance and capital support for SAF production plants.\u003C/strong\u003E\u003C/li\u003E\r\n\u003Cli\u003E\u003Cstrong\u003ESupport flexibility in the choice of feedstocks\u003C/strong\u003E, so long as they meet sustainability guidelines, especially in the early stages to allow technologies to ramp up and to encourage early development of SAF.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\r\n\r\n\r\n\r\n","links":[{"name":"Read more about decarbonising aviation","value":"https://www.shell.com/business-customers/aviation/the-future-of-energy.html"}]}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_1103090286/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_1103090286","model":{"title":"Aviation"}},{"organism":"Container","children":[{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_2025265644/standalone_asset_cop","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_2025265644/standalone_asset_cop.shellimg.jpeg/1709401912851/driving-changes-in-demand-shipping.jpeg","alt":"driving changes in driving demand in shipping","width":3828,"height":2157}}},{"organism":"PromoSimple.Text","color":"brand2","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_2025265644/text_copy_copy_copy","model":{"text":"\u003Cp\u003EShell supports the International Maritime Organisation’s (IMO) ambition to reach net-zero emissions by or around 2050. We recognize that the IMO’s proposed mid-term measures will be key to delivering international shipping’s decarbonisation ambition. We call on governments and policymakers to deliver legislation, as soon as practicable in line with the IMO’s timetable, that:\u003C/p\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003E\u003Cb\u003EDrives decarbonisation via a Global Fuel Standard (GFS) that sets a clear carbon intensity reduction trajectory to meet the net-zero target\u003C/b\u003E. The GFS should\u003Cul\u003E\r\n\u003Cli\u003Ebe based on well-to-wake emissions\u003Csup\u003E2\u003C/sup\u003E;\u003C/li\u003E\r\n\u003Cli\u003Ebe technology and fuel agnostic;\u003C/li\u003E\r\n\u003Cli\u003Emake “paying to pollute” unattractive, through an appropriate compliance mechanism;\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003ESupports the GFS with energy efficiency\u003C/b\u003E measures based on energy consumption;\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\u003Cp\u003E\u003Csup\u003E2\u003C/sup\u003E \u003Csub\u003EWell-to-wake (WtW) emissions refers to the emissions generated during the production and transport of the fuel, and from the use of the fuel.\u003C/sub\u003E\u003C/p\u003E\r\n","links":[{"name":"Read more about decarbonising shipping","value":"https://www.shell.com/business-customers/marine/decarbonising.html"}]}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_2025265644/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_2025265644","model":{"title":"Shipping"}},{"organism":"Container","children":[{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_86450626/standalone_asset_cop","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_86450626/standalone_asset_cop.shellimg.jpeg/1709402273228/driving-changes-in-demand-industry.jpeg","alt":"driving changes in driving demand in industry","width":3828,"height":2157}}},{"organism":"PromoSimple.Text","color":"brand2","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_86450626/text_copy_copy_copy","model":{"text":"\u003Cp\u003EWe are calling on governments and policymakers to:\u003C/p\u003E\r\n\r\n\r\n\u003Cul\u003E\r\n\u003Cli\u003E\u003Cstrong\u003EDevelop decarbonisation strategies and roadmaps for key industrial sectors\u003C/strong\u003E, in line with national NZE targets, to send clear signals about government policy and plans and expectations for key public and private stakeholders.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cstrong\u003ESet mandates or quotas\u003C/strong\u003E on low-carbon energy for industrial users to drive demand.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cstrong\u003EProvide financial support and incentives\u003C/strong\u003E for equipment upgrades, including tax credits and carbon contracts for difference.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cstrong\u003EStimulate demand for low-carbon products\u003C/strong\u003E through public procurement and green certification schemes.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cstrong\u003ESupport investment in infrastructure\u003C/strong\u003E that enables heavy industry to decarbonise, such as anticipatory investment in grid capacity, hydrogen and CO\u003Csub\u003E2\u003C/sub\u003E pipelines, and development of infrastructure, networks and industrial hubs that enable linking between sectors and energy uses.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\r\n\r\n\r\n\r\n","links":[{"name":"Read more about Shell Energy for business","value":"https://www.shell.com/shellenergy/marketingandtrading.html"}]}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_86450626/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer/revealer_item_175421_86450626","model":{"title":"Industry"}}],"model":{"links":[{"name":"Overview"},{"name":"Road transport"},{"name":"Aviation"},{"name":"Shipping"},{"name":"Industry"}]},"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595/revealer"}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_2023923595","model":{}},{"organism":"Container.Section","color":"brand1-subtle","children":[{"organism":"PromoSimple.Text","colspan":5,"colstart":5,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/text","model":{"text":"\u003Ch2\u003EGrowing low-carbon solutions\u003Ca id=\"low\"\u003E\u003C/a\u003E\u003C/h2\u003E\n"}},{"organism":"Tabs","color":"inherited","children":[{"organism":"Container","children":[{"organism":"PromoSimple.Text","color":"brand1-subtle","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970/text_copy_copy_copy","model":{"text":"\u003Cp\u003EWe are focusing on the supply of low-carbon solutions for transport and industry where we can have the biggest impact. This includes low-carbon fuels, selective renewable generation, carbon capture and storage (CCS), and hydrogen for the future.\u003C/p\u003E\n\u003Cp\u003EStimulating the supply of these solutions requires long-term policy support, policy stability and coherent policy frameworks addressing both supply and demand, to give businesses confidence to invest in large-scale assets or electricity grids that deliver benefits over decades.\u003C/p\u003E\n\u003Cp\u003ESupport such as grants, tax incentives and integrated infrastructure planning can all help attract capital investment into these technologies. Policy makers can also set mandates or targets to stimulate uptake, standards to ensure quality, streamlined permitting to accelerate the pace of construction, and incentives for innovation in emerging battery, storage or low-carbon fuel technologies.\u003C/p\u003E\n"}},{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970/standalone_asset_cop","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_1029021433/revealer/revealer_item_200970/standalone_asset_cop.shellimg.jpeg/1710238970176/shell-station.jpeg","alt":"growing low carbon solution","width":3840,"height":3840}}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970","model":{"title":"Overview"}},{"organism":"Container","children":[{"organism":"PromoSimple.Text","color":"brand2-subtle","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_1088041407/text_copy_copy_copy","model":{"text":"\u003Cp\u003EWe are calling on governments and policymakers to:\u003C/p\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003E\u003Cb\u003ESupport capital investment in low-carbon fuels projects\u003C/b\u003E, through measures such as grants and tax incentives; and\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003ESupport cross-border mechanisms\u003C/b\u003E to ensure low-carbon fuels can effectively decarbonise end markets.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003EDrive demand\u003C/b\u003E through:\u003Cul\u003E\r\n\u003Cli\u003Emandates and low-carbon fuel standards to incentivise adoption of and support investment in low-carbon transport fuels. Extend these targets beyond 2030 to at least 2035;\u003C/li\u003E\r\n\u003Cli\u003Eshort- to medium-term incentives, such as price floors, to support the affordability and bankability of biofuels and future e-fuels while key technology pathways scale-up and commercialise; and\u003C/li\u003E\r\n\u003Cli\u003Ea direct price on carbon emissions, to ensure biofuels and future e-fuels are cost-competitive with fossil-based fuels in the long term. \u003C/li\u003E\r\n\u003C/ul\u003E\r\n\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb style=\"font-size: 0.8125rem;\"\u003EAllow flexibility in feedstock choice\u003C/b\u003E to enable efficient commercialisation of technologies and their supply chains, provided sustainability guidelines are met. Crops from degraded or polluted land, cover and intermediate crops, novel crops, municipal solid waste and agricultural waste, as well as recycled carbon, should all be eligible feedstocks.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb style=\"font-size: 0.8125rem;\"\u003EDefine clear, specific and workable sustainability standards\u003C/b\u003E for biomass supply, covering the full supply chain.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n","links":[{"name":"Read more about sustainable biofuels","value":"https://www.shell.com/business-customers/shell-low-carbon-solutions/sustainable-biofuels.html"}]}},{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_1088041407/standalone_asset_cop","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_1088041407/standalone_asset_cop.shellimg.jpeg/1709403393722/growing-low-carbon-solutions-low-carbon-fuels.jpeg","alt":"growing low carbon solution low carbon fuel","width":3828,"height":2157}}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_1088041407/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_1088041407","model":{"title":"Low-carbon fuels"}},{"organism":"Container","children":[{"organism":"PromoSimple.Text","color":"brand2-subtle","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_2041395708/text_copy_copy_copy","model":{"text":"\u003Cp\u003EWe are calling on governments and policymakers to:\u003C/p\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003E\u003Cb\u003EPromote liquid forward markets and long-term contracts\u003C/b\u003E,\u003Cb\u003E \u003C/b\u003Eincluding power purchase agreements (PPA),\u003Cb\u003E \u003C/b\u003Eto help industry and consumers hedge against price volatility, and secure competitive prices to decarbonise.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003EStimulate the maximum possible renewable energy investment \u003C/b\u003Eby maintaining merchant price signals\u003Cb\u003E \u003C/b\u003Eand ensuring support schemes can be combined with merchant routes, to create optionality for developers and reduce costs for consumers. Direct government support should be limited to nascent markets and new technologies such as floating offshore wind, and phased out as soon as technologies mature.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003EIncrease the supply of and integrate renewable energy \u003C/b\u003Ethrough accelerated permitting, anticipatory cross-border grid investments, increased interconnection capacity, and longer-term cross-border transmission rights. Effective capacity markets are key to support flexible generation and capacity, including interconnection, demand-side response, storage, and the flexibility role provided by gas and other low-carbon gases such as hydrogen.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003EIncentivise and enable demand\u003C/b\u003E through standards and targets, and removal of barriers to on-site renewable generation and demand-side response. Make it easier for companies to sign PPAs, and align the duration of PPA contracts and cross-border transmission rights. Allow subsidised and unsubsidised renewable energy generation to receive tradeable renewable energy certificates (REC).\u003C/li\u003E\r\n\u003C/ul\u003E\r\n","links":[{"name":"Read more about renewable power","value":"https://www.shell.com/what-we-do/renewable-power.html"}]}},{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_2041395708/standalone_asset_cop","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_2041395708/standalone_asset_cop.shellimg.jpeg/1709403414693/growing-low-carbon-solutions-low-carbon-power.jpeg","alt":"growing low carbon solution low carbon power","width":3828,"height":2157}}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_2041395708/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_2041395708","model":{"title":"Power"}},{"organism":"Container","children":[{"organism":"PromoSimple.Text","color":"brand2-subtle","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_125575274/text_copy_copy_copy","model":{"text":"\u003Cp\u003E\u003Ca id=\"carbon-capture-storage-policy-regulatory\"\u003E\u003C/a\u003EWe are calling on governments and policymakers to:\u003C/p\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003E\u003Cb\u003EImplement policy and regulatory frameworks to support broad-scale commercial deployment of CCS.\u003C/b\u003E Key components include:\u003Cul\u003E\r\n\u003Cli\u003Estrong government incentives for CCS projects;\u003C/li\u003E\r\n\u003Cli\u003Erobust carbon pricing schemes which include CCS-based emission reduction and removals as compliance pathways;\u003C/li\u003E\r\n\u003Cli\u003Emeasures to prevent economic carbon leakage;\u003C/li\u003E\r\n\u003Cli\u003Etransparent, clear and streamlined processes for permitting and licensing across CCS value chains;\u003C/li\u003E\r\n\u003Cli\u003Ea regulatory regime that promotes high standards for the design, construction, operation and post-closure phases of CCS infrastructure, including monitoring and verification, and risk-based mechanisms to transfer long-term liability for stored CO\u003Csub\u003E2\u003C/sub\u003E to the state; and\u003C/li\u003E\r\n\u003Cli\u003Ebilateral agreements and common standards to facilitate transfers of CO\u003Csub\u003E2\u003C/sub\u003E and trading of CCS credit instruments between countries.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\u003C/li\u003E\r\n\u003C/ul\u003E\r\n","links":[{"name":"Read more about Carbon Capture and Storage","value":"https://www.shell.com/what-we-do/carbon-capture-and-storage.html"}]}},{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_125575274/standalone_asset_cop","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_125575274/standalone_asset_cop.shellimg.jpeg/1709404418632/growing-low-carbon-solutions-ccs.jpeg","alt":"growing low carbon solution ccs","width":3828,"height":2157}}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_125575274/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_125575274","model":{"title":"Carbon capture and storage (CCS)"}},{"organism":"Container","children":[{"organism":"PromoSimple.Text","color":"brand2-subtle","colspan":8,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_2036519619/text_copy_copy_copy","model":{"text":"\u003Cp\u003EWe are calling on governments and policymakers to:\u003C/p\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003E\u003Cb\u003ETranslate hydrogen strategies and ambitions into clear, coherent, and timely policies and regulations\u003C/b\u003E, to give long-term certainty to support hydrogen supply and demand, and the market framework.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003ECreate definitions and standards for decarbonised hydrogen based on a life-cycle analysis methodology \u003C/b\u003Eand develop certification systems to enable the trade of hydrogen and its derivatives.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003ESupport decarbonised hydrogen supply\u003C/b\u003E with capital funding, supportive taxation and mechanisms to reduce the greater cost of producing decarbonised hydrogen, including accelerated permitting, funding for research and development, and measures to encourage renewable electricity generation.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003EStimulate demand for decarbonised hydrogen \u003C/b\u003Ein slower-to-abate sectors through targets and mandates. These should be combined with effective carbon pricing schemes, as well as incentives to support the uptake of decarbonised hydrogen.\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003EEncourage integrated infrastructure planning\u003C/b\u003E to create effective and inclusive conditions for a liquid hydrogen market.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n","links":[{"name":"Read more about Hydrogen","value":"https://www.shell.com/what-we-do/hydrogen.html"}]}},{"organism":"StandaloneAsset","color":"inherited","colspan":4,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_2036519619/standalone_asset_cop","model":{"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_2036519619/standalone_asset_cop.shellimg.jpeg/1709404396395/growing-low-carbon-solutions-hydrogen.jpeg","alt":"growing low carbon solution hydrogen","width":3828,"height":2157}}},{"organism":"PromoSimple.Text","color":"inherited","colspan":3,"colstart":10,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_2036519619/text_647532153_copy","model":{"links":[{"name":"Back to top link","value":"#explore-our-policy-positions","icon":"/content/dam/shell/icons/global/navigation/arrow-up.svg"}]}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer/revealer_item_200970_2036519619","model":{"title":"Hydrogen"}}],"model":{"links":[{"name":"Overview"},{"name":"Low-carbon fuels"},{"name":"Power"},{"name":"Carbon capture and storage (CCS)"},{"name":"Hydrogen"}]},"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433/revealer"}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1029021433","model":{}},{"organism":"Container.Section","children":[{"organism":"Container.List","colspan":8,"colstart":3,"children":[{"organism":"AccordionItem","color":"inherited","id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1096648511/list/list_item_1391920725","model":{"title":"Updates to our positions","text":"\u003Cp\u003EOur global positions were comprehensively updated in March 2024 to align with Shell’s Energy Transition Strategy 2024. In May 2025, we made minor updates to some positions, and more substantive updates to the positions for shipping and road transport, to reflect our strategy and/or external developments. This included combining our separate positions for passenger road and heavy-duty road into one combined road transport position.\u003C/p\u003E\r\n"}},{"organism":"AccordionItem","color":"inherited","id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1096648511/list/list_item","model":{"title":"Cautionary note","text":"\u003Cp\u003EThe companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this content “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this content refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.\u003C/p\u003E\r\n\r\n\u003Cp\u003E\u003Cb\u003EForward-Looking statements\u003C/b\u003E\u003C/p\u003E\r\n\r\n\r\n\u003Cp\u003EThis content contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; “aspire”, “aspiration”, ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this content, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this content are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2024 (available at \u003Ca href=\"https://www.shell.com/investors/news-and-filings/sec-filings.html\" target=\"_self\"\u003Ewww.shell.com/investors/news-and-filings/sec-filings.html\u003C/a\u003E and \u003Ca href=\"http://www.sec.gov\" target=\"_blank\"\u003Ewww.sec.gov\u003C/a\u003E\u003Ca href=\"http://www.sec.gov/\"\u003E.\u003C/a\u003E). These risk factors also expressly qualify all forward-looking statements contained in this content\u003Cb\u003E \u003C/b\u003Eand should be considered by the reader. Each forward-looking statement speaks only as of the date of this content. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this content.\u003C/p\u003E\r\n\r\n\u003Cp\u003E\u003Cb\u003EShell’s net carbon intensity\u003C/b\u003E\u003C/p\u003E\r\n\r\n\u003Cp\u003EAlso, in this content\u003Cb\u003E \u003C/b\u003Ewe may refer to Shell’s “net carbon intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.\u003C/p\u003E\r\n\r\n\u003Cp\u003E\u003Cb\u003EShell’s net-zero emissions target\u003C/b\u003E\u003C/p\u003E\r\n\r\n\u003Cp\u003EShell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.\u003C/p\u003E\r\n\r\n\u003Cp\u003E\u003Cb\u003EForward-Looking non-GAAP measures\u003C/b\u003E\u003C/p\u003E\r\n\r\n\u003Cp\u003EThis content may contain certain forward-looking non-GAAP measures such as adjusted earnings and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.\u003C/p\u003E\r\n\r\n\u003Cp\u003EThe contents of websites referred to in this content do not form part of this content.\u003Cb\u003E\u003C/b\u003E\u003C/p\u003E\r\n\r\n\r\n\u003Cp\u003EWe may have used certain terms, such as resources, in this content that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website \u003Ca href=\"http://www.sec.gov/\" target=\"_blank\"\u003Ewww.sec.gov\u003C/a\u003E.\u003C/p\u003E\r\n\r\n\r\n"}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1096648511/list","model":{}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1096648511","model":{}},{"organism":"Container.Section","color":"brand2-subtle","children":[{"organism":"PromoCard","color":"brand2","colspan":3,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1683615618/promo_copy_copy_copy_1173252655","model":{"title":"Corporate political engagement and lobbying spend","links":[{"name":"Corporate political engagement statement","value":"https://www.shell.com/sustainability/advocacy-and-political-activity/corporate-political-engagement-transparency-statement-and-lobbying-spend.html"}],"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_1683615618/promo_copy_copy_copy_1173252655.shellimg.jpeg/1741949177976/engagement-transparency.jpeg","alt":"Four people in a meeting","width":5080,"height":2868}}},{"organism":"PromoCard","color":"brand2","colspan":3,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1683615618/promo_copy_copy_copy_988388574","model":{"title":"Climate and energy transition  advocacy updates","links":[{"name":"Our climate and energy transition-related advocacy","value":"https://www.shell.com/sustainability/advocacy-and-political-activity/climate-and-energy-transition-advocacy-updates.html"}],"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_1683615618/promo_copy_copy_copy_988388574.shellimg.jpeg/1741948592066/meeting-about-our-advocacy.jpeg","width":1022,"height":575}}},{"organism":"PromoCard","color":"brand2","colspan":3,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1683615618/promo_copy_copy_1804","model":{"title":"Our work with industry associations","links":[{"name":"Our work with industry associations","value":"https://www.shell.com/sustainability/advocacy-and-political-activity/our-work-with-industry-associations.html"}],"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_1683615618/promo_copy_copy_1804.shellimg.jpeg/1742904776268/employee-attending-meeting.jpeg","width":6668,"height":3765}}},{"organism":"PromoCard","color":"brand2","colspan":3,"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1683615618/promo_copy","model":{"title":"Shell Climate and Energy Transition Lobbying Report 2024","links":[{"value":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_1683615618/promo_copy/links/item0.stream/1746798498441/097ec9469a351908a2d97321d3ed486f6b883c81/shell-climate-and-energy-transition-lobbying-report-2024.pdf"}],"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/main/section_1683615618/promo_copy.shellimg.jpeg/1746798634544/cetlr-2024-report-teaser.jpeg","alt":"Shell Climate and Energy Transition Lobbying Report 2023","width":3840,"height":2160}}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main/section_1683615618","model":{"title":"You may also be interested in"}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/main","model":{}},{"organism":"Container.Footer","children":[{"organism":"Breadcrumb.Large","model":{"links":[{"name":"Home","value":"https://www.shell.com/"},{"name":"Sustainability","value":"https://www.shell.com/sustainability.html"},{"name":"Advocacy and political activity","value":"https://www.shell.com/sustainability/advocacy-and-political-activity.html"},{"name":"Global climate and energy transition policy positions","value":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions.html"}]},"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/footer/breadcrumb"},{"organism":"Container.Raw","ref":"https://www.shell.com/_jcr_content/root/footer/inherited.model.json","id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/footer/inherited","model":{}}],"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content/root/footer","model":{}}],"id":"/conf/shell/settings/wcm/templates/base/structure/jcr_content/root","model":{}}],"model":{"title":"Global climate and energy transition policy positions","text":"Our global climate and energy transition policy positions set out the key policies we believe are needed to help provide secure energy supplies, drive changes in consumer behaviour, and increase investment in low-carbon energy solutions.","links":[{"name":"canonical","value":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions.html"},{"name":"errorUrl","value":"https://www.shell.com/error.html"},{"name":"hierarchy","value":"en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions"},{"name":"homeTitle","value":"Shell Global"},{"name":"homeUrl","value":"https://www.shell.com/"},{"name":"locale","value":"en-GB"},{"name":"title","value":"Global climate and energy transition policy positions | Shell Global"},{"name":"textDirection","value":"ltr"},{"name":"template","value":"base"},{"name":"contentPath","value":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions"},{"name":"externalDisclaimerText","value":"Shell plc Legal Disclaimer\r\n\r\nYou are now leaving the Shell global website.\r\n\r\nThe link you have selected will direct you to a website that is not controlled by Shell plc or any member of the Shell Group. Accordingly, neither Shell plc nor any member of the Shell Group endorses, adopts, certifies or otherwise validates the information and material contained on the linked website. This includes its sponsor and any policies, activities or services offered on the site, by any advertiser on the site or linked to the site.\r\n\r\nThank you for visiting the Shell global website."},{"name":"themeMode"},{"name":"lastModified","value":"2026-01-13T11:52:51.319Z"},{"name":"dateModified","value":"2026-01-12T18:30Z"},{"name":"adobeAnalyticsUrl","value":"https://scmetrics.shell.com/b/ss/shell.amidala.nativeimplementation.poc/0"},{"name":"themeName","value":"base"},{"name":"themePath","value":"/etc.clientlibs/amidala/clientlibs/theme-base"},{"name":"themeCss","value":"/etc.clientlibs/amidala/clientlibs/theme-base.ACSHASHb291465fc8d3c7bcefde74d34044b698.css"}],"image":{"src":"https://www.shell.com/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/_jcr_content/root/metadata.shellimg.jpeg/1746678132091/policy-positions-header-paris.jpeg","alt":"Policy position header","width":1710,"height":972}},"id":"/content/shell/corporate/global/en_gb/sustainability/advocacy-and-political-activity/global-climate-and-energy-transition-policy-positions/jcr_content"}