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The company noted that emissions from oil products had already declined by around 9% in 2023 from the 2021 base, and said that the new target would represent a 40% reduction from 2016, including 8 percentage points caused by contracts being classified as held for trading purposes.
These countries need affordable, reliable and clean energy to support their socio-economic development and to mitigate climatechange. “We continue to see significant investment in coal-fired power generation in countries with high rates of energy poverty.
Using this definition, the environmental pillar most notably encompasses considerations of climatechange in terms of physical and transitional risk for companies, given the projected impacts of climatechange. It also includes risks related to resource scarcity (e.g. water), deforestation, waste, and pollution.
The IEA blueprint involves unprecedented levels of change, the agency admits, and requires clear government strategies and policies. SAS would achieve all Africa’s energy-related development goals “on time and in full”, as well as meeting climatechange commitments. of GDP), with two ? thirds going to clean energy. .
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