Repsol's 2050 targets are now set
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
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