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Equinor has announced its ambition to become a net-zero energy company by 2050. The ambition includes emissions from production and final consumption of energy.
 
Earlier this year, Equinor announced its plans to achieve carbon neutral global operations by 2030 and to reduce absolute greenhouse gas (GHG) emissions in Norway to near zero by 2050. At the same time, Equinor outlined a value-driven strategy for significant growth within renewables, as well as a new net carbon intensity ambition.
 
To develop Equinor as a broad energy company, renewables will be a significant growth area. Equinor has previously set ambitions for profitable growth within renewables and expects a production capacity of 4-6GW by 2026 and 12-16GW by 2035.
 
Equinor will establish renewables as a separate reporting segment from first quarter 2021. Equinor expects to present an updated strategy at its Capital Markets Day in June 2021.
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