We believe that a carbon price must be set for all productive sectors worldwide as a key factor in policies to combat climate change.
In this way, each ton of CO2 will come with a price for everyone, from industry to end consumers. This would have a knock-on effect on their actions, make them aware of the problem, and change their habits towards a more efficient model of consumption and production. The effect would be further strengthened with clear and transparent information on the costs and the repercussion on all those involved. Some advantages of carbon pricing are:
Based on the above, at Repsol we have established internal carbon pricing that we apply to all of our new investments. We have established the following prices: US$ 25t/CO2 in 2018 and US$ 40t/CO2 from 2025 onwards
Assess and make decisions about our current and future investments.