Eni targets zero emission by 2035

Richard Ginika Izuora

Italian energy giant Eni has revealed initiative to achieve zero carbon emissions by 2035, five years ahead of the previous plan, through new range of energy solutions.

 

Eni, in its new report titled: “Eni for 2021 – A just transition” said, for net scope 1 and 2 emissions, it plans to achieve 40 per cent by 2025 (compared to 2018 levels) and net zero emissions by 2035, five years ahead of the previous plan.

 

In pursuing the goal, Eni planned to increase the share of investments dedicated to new energy solutions, targeting 30 per cent by 2025, doubling to 60 per cent by 2030 and reaching 80 per cent by 2040.

 

The 16th voluntary sustainability report outlines the company’s contribution and objectives for a just transition, with a view to sharing social and economic results on its path to carbon neutrality by 2050.

 

With regards to the 2050 carbon neutrality strategy, Eni also strengthened its objectives with a new target of 35 per cent reduction in net scope 1, 2 and 3 emissions by 2030 and 80 per cent by 2040 with respect to 2018 levels (compared to the -25 per cent and -65 per cent targets in the previous plan).

 

Eni’s Chief Executive Officer, Claudio Descalzi said: “As Eni, we strongly feel the responsibility to contribute to giving access to energy to all, supporting the development of the countries where we are present, and contributing to the achievement of the highest ambitions of the Paris Agreement.

 

“This commitment is stronger today, in light of the war in Ukraine, at a historical moment when it is necessary to be even more inclusive and not divisive, seeking the common good and increasing efforts to ensure Europe’s energy security, while accelerating the decarbonisation process”

 

In achieving decarbonisation goals, it stated that an increasing attention would be paid to the concept of “just transition”, namely managing the impact of the energy transformation on people, starting with direct and indirect workers and including communities and customers.

 

Some of the projects and initiatives adopted by Eni to ensure a fair transition includes; the conversion of refineries into biorefineries, forest conservation projects, development of renewables, and the creation of agri-hubs that will provide feedstock for biorefineries, creating jobs and supporting the development of new activities in the countries of presence.

 

“Eni has also strengthened its partnerships with international organizations for development cooperation. The main initiatives for the communities carried out in 2021 include activities aimed at improving access to water for the population of Basra, Iraq, thanks to water treatment plants provided by Eni, economic diversification projects in the agricultural sector in Angola, Congo and Nigeria, and projects to support local and youth entrepreneurship in Egypt. Eni’s commitment to promoting education and professional training remains central, as showed by the initiatives in Angola, Egypt, Iraq, Mexico and Mozambique,” it stated.

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