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Eni says upstream net emissions down by 40% compared with 2018

Eni lowered net carbon emissions in the upstream sector by 40% and overall emissions by 30% last year compared with the levels of 2018, the Italian energy business said on Wednesday as it published its sustainability report.

The group has actually recently given specific attention to minimizing the emissions of methane, which decreased by more than 20% by 2023 for the upstream company, it included.

The company also has established strategic collaborations with global partners, such as Sonatrach in Algeria, EGAS in Egypt, and ADNOC in the United Arab Emirates, to support them in the energy shift course.

WHY IT is very important

The state-controlled group has actually set a target of net-zero carbon emissions (Scope 1 and Scope 2) from upstream operations by 2030, which becomes part of its ultimate objective to reach carbon neutrality by 2050.

Eni is shifting its hydrocarbon production towards natural gas and far from coal and oil under its energy transition path, it is likewise growing low-carbon services.

Methane is the second-biggest cause of climate modification after co2 and in the short-term has a far greater warming effect, regardless of having a much shorter life-span in the world's. environment than other gases.

ESSENTIAL QUOTE

The energy transition is irreversible, and we must make sure. its realisation without compromising the production system and. social sustainability, Eni Chief Executive Claudio Descalzi. said in a statement.

(source: Reuters)