Net zero emissions by 2050
Path towards decarbonization
The main goal is to become a net zero emissions company by 2050, in line with the targets set out in the Paris Agreement. In order to reach this goal, our company has set itself a demanding roadmap outlining ambitious emissions reduction targets that were established on Low Carbon Day and updated on Repsol ESG Day.*
* Our metric refers to the use of products obtained from our primary energy production. It is a rational approach to establish a common sectoral framework for all O&G companies along their value chain, without double counting emissions and focused on the progression of the primary energy mix as the key driver of the energy transition towards net zero emissions.
Our targets
We aim to achieve increasingly more ambitious goals as set out in our roadmap to step up the energy transition.
Net 0 emissions
by 2050.
30%
reductionby 2030 in scope 1, 2, and 3 net emissions compared to 2016.
55%
reductionby 2030 in scope 1 and 2 emissions reduced in our operated assets compared to 2016.
20
GWas a renewable generation capacity target for 2030 and 6 GW for 2025.
2
million tonnesof advanced biofuel production capacity in 2030 and 1.3Mt in 2025.
1.9
GWeqof net renewable hydrogen capacity in 2030 and 0.55 GWeq in 2025.
75%
reductionof E&P's carbon intensity in tonnes of CO2/kboe in 2025 with respect to 2016.
1.5
million tonnesof CO2e GHG emissions reduction in 2021-2025 period.
50%
reductionin 2025 of routine flaring in our operated assets compared to 2018 and minimized by 2030.
85%
reductionof methane intensity emissions by 2025 with respect to 2017, and reaching a value of 0.2% in operated assets.
Building the road towards our goal
More information on sustainability