Repsol outlines transition financing plan
Firm will use green and transition bonds to finance various emissions reductions projects
Spanish oil and gas firm Repsol has laid out a plan for the financing tools it will use to achieve its transition to net-zero emissions. Repsol has set a roadmap to become a net-zero emissions company by 2050, with a reduction in carbon intensity of 12pc below a 2016 baseline by 2025, 25pc by 2030, and 50pc by 2040. These figures formed the basis of the firm’s 2021-2025 strategic plan, which was presented to investors in the first half of 2020. 50pc – Repsol’s targeted emissions reductions by 2040 Repsol has now released a framework showing how it expects to finance this plan using three types of financial instruments. Green bonds will be used for renewable energy and hydrogen projec
Also in this section
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity