Total has announced its ambition to get to net-zero emissions by 2050 for its global business across its production and energy products.
Total has announced its ambition to get to net-zero emissions by 2050 for its global business across its production and energy products. The company has pledged to achieve scope 1 and 2 emission reductions in its worldwide operations by 2050. All its production and energy products will be net zero (scope 1,2 and 3) by 2050. It will reduce the scope 3 carbon intensity of its energy products used worldwide by Total customers by 60% or more (less than 27.5 gCO2/MJ, which it claims is the highest ambition among the majors) with intermediate steps of 15% by 2030 and 35% by 2040.
Total has already achieved a 6% reduction in scope 3 carbon intensity since 2015.
The company confirms its target of renewable generation gross capacity of 25 GW by 2025. Total currently allocates more than 10% of its Capex to low carbon electricity, the highest level among the majors. To contribute to the energy transition, Total will increase its allocation of Capex in favour of low carbon electricity to 20% by 2030 or sooner.
