Eni increases investments in new energy solution | The Guardian Nigeria News - Nigeria and World News

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Italian oil giant Eni has unveiled plans to increase the share of investments dedicated to new energy solutions up till 2040.

Eni, in its new report titled, “Eni for 2021 – A just transition,” said it would increase the share of investments dedicated to new energy solutions, targeting 30 per cent by 2025, doubling to 60 per cent by 2030 and reaching 80 per cent by 2040.

Specifically, with regards to the 2050 carbon neutrality strategy, Eni strengthened its objectives with a new target of 35 per cent reduction in net scope 1, 2 and 3 emissions by 2030 and 80 per cent by 2040 with respect to 2018 levels . Eni’s Chief Executive Officer, Claudio Descalzi said: “As Eni, we strongly feel the responsibility to contribute to giving access to energy to all, supporting the development of the countries where we are present, and contributing to the achievement of the highest ambitions of the Paris Agreement.”

 

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