Shell has announced a program to invest in natural ecosystems as part of its strategy to act on global climate change, including addressing carbon dioxide (CO2) emissions generated by customers when using its products. Shell plans to invest $300 million over the next three years.
This program will contribute to Shell's three-year target, beginning in 2019, to reduce its Net Carbon Footprint by 2% – 3%.
“There is no single solution to tackling climate change. A transformation of the global energy system is needed, from electricity generation to industry and transport,” said Ben van Beurden, CEO of Royal Dutch Shell.
“Shell will play its part. Our focus on natural ecosystems is one step we are taking today to support the transition towards a low-carbon future. This comes in addition to our existing efforts, from reducing the carbon intensity of oil and gas operations to investments in renewable sources of energy.”