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Eni Reveals Commitment to Energy Transition by 2050

Eni Reveals Commitment to Energy Transition by 2050

Eni, one of the global energy companies, launched its annual sustainability report for 2023 on Wednesday (15), outlining the progress made towards carbon neutrality by 2050. The document highlights the company’s commitment to a fair and sustainable energy transition, with significant implications for the future of energy worldwide.

Claudio Descalzi, Eni’s CEO, underlined the importance of this transition by stating: ‘In the global context characterised by complex and evolving dynamics, we are called upon to find answers to emerging socio-political, climate and energy challenges and to lend our support, with an approach centred on security, innovation and sustainability.’ Eni’s ECO emphasised that the energy transition is irreversible and must be carried out without compromising production and social sustainability.

The report highlights the company’s efforts towards decarbonisation, increasingly integrating it into its business strategy. Investments in research and development have resulted in a significant reduction in carbon emissions, with a 40 per cent decrease in net emissions in the Upstream sector and an overall reduction of 30 per cent compared to 2018. In addition, the company has paid special attention to reducing methane emissions, receiving international recognition for its commitment in this regard.

As well as investing in renewable energies and carbon capture and storage projects, ‘Eni is expanding its gas portfolio as a vector for energy transition. The acquisition of Neptune Energy and the start of production at the Congo LNG project are examples of this commitment,’ says the document.

The document emphasises that the company is also focused on ensuring a just transition, working in partnership with local communities and respecting human rights and the environment. Projects such as the conversion of the Livorno refinery into a biorefinery and partnerships with international organisations such as the ILO and IRENA highlight Eni’s commitment to an inclusive and sustainable transition.


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