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CARBON NEUTRALITY BY 2050
INTRODUCTION
CARBON NEUTRALITY
OPERATIONAL EXCELLENCE
ALLIANCES FOR DEVELOPMENT
REFERENCE CONTEXT: CHALLENGES AND OPPORTUNITIES
The Net Zero by 2050 Challenge
IPCC underlines the need to immediately and rapidly reduce global GHG emissions and achieve net zero for CO2 emissions around 2050 in order to limit the temperature increase to 1.5°C compared to pre-industrial times. To this end, the IPCC defines several scenarios compatible with the 1.5°C target, involving the decarbonization of the energy system through the combined application of a number of levers, such as the deployment of renewable energy, end-use electrification, the use of low and zero carbon fuels and CCS, consumer behavioral change, reduction of land use change sector emissions, and neutralization of residual emissions through carbon removal actions in the land use change sector (LUC) and use of Carbon Capture and Storage applied to bioenergy (BECCS).
Eni’s business model envisages a path towards carbon neutrality based on an approach that considers emissions generated throughout the life cycle of energy products and on a set of actions that will lead to the total decarbonization of processes and products by 2050. Eni’s climate strategy is based on an industrial transformation plan that builds on available technology options and focuses on developing breakthrough solutions.
Evolution of the energy mix (EJ)
20,000
15,000
26%
38%
21%
21%