Carbon pricing

Supporting carbon pricing

We believe that a carbon price must be set for all productive sectors worldwide as a key element in policies to fight climate change.

Raising awareness and improving habits

As such, 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 activity, make them aware of their carbon footprint, and change their habits towards a production and energy consumption as efficient as possible. The effect would be further strengthened with clear and transparent information on the costs and the repercussion on all those involved. Some of the examples of carbon pricing are:

It offers an orderly way to address the energy transition at a lower cost for the consumer.
It promotes innovative technologies that are compatible with the 2° C scenario.
It gives companies an incentive to reduce their emissions by including the price in the final cost of all their products.

Why set a carbon price?

Internal carbon pricing enables us to:

Be aware

Of how climate policies affect investments.

Design efficiently

We consider energy from our projects very beginning.

Assess and make decisions

On our current and future investments.

Control the impact

Of our activity about climate change.

Carbon pricing at Repsol

In the absence of global measures, we have established our own internal carbon price that we apply to all new investments we make. Within the European Union, values are set at $100/t in 2025 and go up to $110/t after 2030. In other countries, we've set the price at $60/t after 2025.