Equinor

Profile In-Progress
Target year
2050
Alignment with target-setting standards
Target Status
Formally Adopted
Terminology Tags
  • Net-Zero Pledge
  • Interim Targets
  • Pathways
  • About
  • Similar Actors

Interim Targets

reductions in carbon intensity and absolute emissions in global, maritime and norwegian emissions at 5 year intervals from 2025 to 2050, found in the overview of climate ambitions, as well as increasing renewable capacity.
by
Description of Interim Target

2025: >30% share of annual gross capex to renewables and low carbon solutions. Upstream CO2 intensity 50% share of annual gross capex to renewables and low carbon solutions. Reduce net carbon intensity by 20%, and increase renewable energy capacity 12-16 GW. Reduce upstream CO2 intensity to around 6kg CO2/boe. Increase CCS to 5-10 million tonnes per year. Eliminate routine flaring, keep methan emission intensity near zero, and reduce maritime emission by 50% in Norway. 2035: Carbon Capture and Storage to 15-30 million tonnes of CO2 per year. Estable a 10% market share of hydrogen in Europe. Reduce net carbon intensity (scope 1 and 2, some scope 3), by 40%. 2040: Reduce absolute emissions in Norway by 70%. 2050: Net-zero emissions and 100% net carbon intensity reduction. Reduce absolute emissions in Norway near zero. Reduce maritime emissions by 50% globally.

% reductions committed to
Interim Target
reductions in carbon intensity and absolute emissions in global, maritime and norwegian emissions at 5 year intervals from 2025 to 2050, found in the overview of climate ambitions, as well as increasing renewable capacity.
Baseline Emissions

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