SHELL UNVEILS PLAN TO TACKLE CLIMATE CHANGE

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26 march 2018

[4C Note: As the energy analyst Pavel Melchanov commented to the Washinton Post: “Most of the trends that Shell is describing — with the notable exception of carbon capture — are already commercially viable." In fact, the Shell plan's reliance on commercially unviable CCS - 10,000 plants by 2070 - and on nuclear power (dangerous and already outpriced by renewables) suggest that it is simply poorly thought-out greenwashing, designed more to challenge the justified investor skepticism about Shell's future than actually to combat global warming.]

Shell — yes, that Shell — just outlined a radical scenario for what it would take to halt climate change

by Chris Mooney and Steven Mufson, Washington Post, March 26, 2018

Royal Dutch Shell on Monday outlined a scenario in which, by 2070, we would be using far less of the company’s own product — oil — as cars become electric, a massive carbon storage industry develops, and transportation begins a shift toward a reliance on hydrogen as an energy carrier.

The company’s Sky scenario was designed to imagine a world that complies with the goals of the Paris climate agreement, managing to hold the planet’s warming to “well below” a rise of 2 degrees Celsius, or 3.6 degrees Fahrenheit, above preindustrial levels. Shell has said that it supports the Paris agreement.

The scenario, which finds the world in a net-zero emissions state by 2070, is based on the idea that “a simple extension of current efforts, whether efficiency mandates, modest carbon taxes, or renewable energy supports, is insufficient for the scale of change required,” the oil company document reads.

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