• Mon. Oct 25th, 2021

Eni, Descalzi: “Committed to complete carbon neutrality by 2050”

Byeditorial

May 8, 2021

“Preventing and mitigating climate change, driving the transition to a low-carbon economy is one of the most determining factors in the creation of medium to long-term value. Awareness of the importance of ESG factors has grown in recent years. and numerous initiatives have been carried out to encourage the integration of these issues in the business strategies of companies. Eni’s transition strategy to become an integrated energy company that provides the market with a wide range of fully decarbonised energy products goes precisely in this direction. Our commitment to complete carbon neutrality by 2050 is in line with the reductions required by the Paris Agreement to limit the temperature increase to 1.5 ° C by the end of the century. ” This was stated by Eni’s CEO, Claudio Descalzi in the message published on the group’s website in view of the Shareholders’ Meeting of 12 May. “Despite the enormous challenges related to the pandemic, the investments envisaged in the 2021-2024 plan – underlines Descalzi – confirm Eni’s commitment in this direction, providing for an increase in the component linked to decarbonisation and the development of the green and retail businesses that now constitute 20% of the entire maneuver, in a context of general reduction in investments “.” Eni, its people and the Board of Directors – notes the group’s CEO – have already taken numerous steps on the path towards a decarbonised world and we intend continue to seize the opportunities created by the transition to complete carbon neutrality, creating value for all our stakeholders “.” Eni’s plan is concrete, detailed and economically sustainable – underlines Descalzi – It leverages proprietary technologies, integration, diversification and expansion of gas & power and renewable retail activities, bio-products and the circular economy. n growing share of gas in the production portfolio, from the current 50% to 60% by 2030 and over 90% by 2050 “. At the same time, adds the CEO, “we are committed to decarbonising all businesses, both by continuing to invest in energy efficiency and by resorting to CO2 capture and storage or use technologies (Ccs, Ccus). Further natural storage solutions (projects forestry Redd +) will offset emissions that are still difficult to abate with current technologies “. A key element of the strategy, Descalzi underlines, “will be the greater focus on the development of capacity from renewable sources and biofuels and the merger of our renewable energy and retail gas & power businesses, with the aim of fully exploiting synergies and moving on from the current ones. 10 million customers to 15 million customers and 15 GW of renewable capacity by 2030 “.