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Shell Sky Meeting The Goals Of The Paris Agreement

In addition, it is important to note that Shell`s existing portfolio has been developed for decades. While we believe our portfolio is resilient from a multitude of perspectives, including the IEA (World Energy Outlook 2016) Scenario 450, it includes assets beyond a range of energy intensities, some of which are above average. While we are trying to increase the average energy intensity of our business through both the development of new projects and divestitures, we have no immediate intention to move to a net zero emission portfolio over our 10 to 20 year investment horizon. Although we do not have the immediate intention of moving to a net zero emission portfolio, we announced in November 2017 our intention to reduce our net carbon footprint, in line with the social implementation of the Paris Agreement`s goal of keeping the global average temperature well below 2 degrees Celsius above pre-industrial levels. Assuming that the company moves towards the goals of the Paris Agreement, we therefore aim to reduce our net carbon footprint, which includes not only our direct and indirect CO2 emissions from the production of the energy products we sell, but also our customers` emissions from the use of the energy products we sell, by 20% in 2035 and 50% in 2050. Sky on its own countries directly between 1.5 and 2 degrees Celsius, the main objective of the Paris Agreement, but with a large-scale wooding gives the world a shot at 1.5 degrees Celsius. You can find the MIT report here. For more than 20 years, the thinking of the Shell scenario has integrated climate change. The Sky scenario is part of two previous Shell scenarios, the mountains and oceans, which saw rapid decarbonization but did not exceed the paris Agreement targets. The Paris Agreement is an agreement within the framework of the United Nations Framework Convention on Climate Change (UNFCCC), which deals with greenhouse gas emissions, climate, adaptation and financing from 2020. The long-term objective of the Paris Agreement is to keep the increase in global average temperature well below 2 degrees Celsius above pre-industrial levels; and limit the rise to 1.5 degrees Celsius.