Shell turns to forests and the earth to soak up its emissions | Dailytrust

Shell turns to forests and the earth to soak up its emissions

Shell_logo
Shell_logo

Royal Dutch Shell set out plans, on Thursday, to boost the use of nature-based carbon offsets and carbon capture, and storage (CCS) technology, two climate solutions in their infancy but seen crucial to controlling global warming.

Both technologies can mitigate the greenhouse gas emissions Shell and its customers cannot eliminate on the path to the group’s 2050 net-zero carbon target.

Shell wants to ramp up its use of nature-based carbon offsets, which include forestation projects, to 120 million tonnes a year by 2030, a big jump given the entire voluntary carbon offset market reached 104 million tonnes in 2019, Ecosystem Marketplace figures show.

Other European oil majors such as BP also view carbon offsets as a growth sector.

Shell said it aims to boost its use of carbon capture and storage (CCS) technology, which sucks carbon out of the atmosphere, to 25 million tonnes a year by 2035, from currently 4.5 million tonnes either in use or in Shell’s pipeline.

In 2020, global operational CCS capacity stood at around 40 million tonnes, the Global CCS Institute said.

CCS is increasingly viewed as having a major role in reaching the goal of the Paris climate accord to keep global warming to below 1.5 degrees Celsius.

But its high cost has so far prevented its use on a commercial scale. (Reuters/NAN)

Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. Sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Zenith Bank
1017257739
Media Trust Ltd


Please send details of your bank transfer to the email or Whatsapp number below so that we can contact you.

If you have any questions, please let us know.

Inquiries:
Email: membership@dailytrust.com
Whatsapp: +234 806 990 3410