Norway's Equinor launched a new climate roadmap aiming to ensure a competitive and resilient business model in the energy transition, fit for long term value creation and in line with the Paris Agreement, the company said on Thursday.
Equinor said that it aims to reduce the net carbon intensity, from initial production to final consumption, of energy produced by at least 50% by 2050.
"Today we are setting new short-, mid- and long-term ambitions to reduce our own greenhouse gas emissions and to shape our portfolio in line with the Paris Agreement. It is a good business strategy to ensure competitiveness and drive change towards a low carbon future, based on a strong commitment to value creation for our shareholders," said Eldar Saetre, president and CEO of Equinor.
In January 2020, Equinor announced an unprecedented set of ambitions to reduce emissions by 40% by 2030, 70% by 2040 and towards near zero by 2050 in Norway.
In 2026, Equinor expects a production capacity from renewable projects of 4 to 6 gigawatts, Equinor share, mainly based on the current project portfolio.
By Murat Temizer