Our climate ambitions

We’re going for net zero, but what does that really mean?

Business as usual is no longer an option because society has to move faster towards a net-zero future. Climate change presents a fundamental challenge to society. It is a shared challenge, and our industry can play an important role. Equinor aims to become a leading company in the energy transition.

5 ways we contribute to a net-zero society:
  1. We commit to reducing emissions from our production of oil & gas.
  2. We accelerate our investments in renewable energy and grow a profitable renewables business.
  3. We invest in new technology to create and build new low-carbon markets, value chains and industries.
  4. We will invest in nature-based solutions.
  5. We use our voice to support the goals of the Paris Agreement and policies that support net zero.

A detailed overview of ambitions, including scopes and boundaries, is provided on page 19 in our Sustainability report 2020.

Reducing emissions

We aim to remain an industry leader in carbon efficiency

We know that our emissions must be reduced, and it starts with us and how we work with suppliers and partners. It’s about how we make our work more efficient, how we replace gas turbines with electric power, or how we use drones in tracking our methane emissions.

Through our Climate Initiative Norway and Climate Response International projects, we are assessing numerous large and small initiatives across our company that will reduce emissions daily. There are three main workstreams we follow to reduce emissions.

Remaining emissions will be compensated either through quota trading systems, such as EU ETS, or high-quality offset mechanisms. In addition, we plan to invest in the protection of tropical forests as soon as a well-functioning market is in place for the private sector.

illustration of wind turbines

Growing in renewables

We bring our offshore exprience one step further

Driven by the opportunities within the energy transition and an increasing demand for electricity from renewable energy sources, Equinor continues to build its renewable business. We primarily focus on offshore wind, both bottom-fixed and floating, but we also explore opportunities within onshore renewables.

We will increase our renewable energy capacity tenfold by 2026. Our aim is to be a global offshore wind major, while strengthening our industry-leading position on carbon efficient production.

New value chains for carbon

We increase our development within carbon capture and storage

How do we stop CO2 from reaching the atmosphere and contributing to global warming? Capturing and storing CO2 underground is and will be an important building block for our net-zero ambition.

We have a long history of storing CO2 at fields such as Sleipner in the North Sea, and we will build on this experience when we partake in developing full value chains for carbon capture and storage, such as through our ownership in Northern Lights JV together with Shell and Total.

Decades with experience from CCS projects of various sizes and successfully maturing the technology from the R&D stage to operations, puts us in a leading position to contribute in making CCS reach commercial scale. 

Illustration of CCS, wind turbine, oil and gas platform

Exploring hydrogen

We look to convert natural gas to hydrogen while capturing carbon

We believe hydrogen will be a key contributor to the energy transition because it is an effective and environment friendly energy carrier.

We are already looking into early-stage opportunities for converting natural gas to clean hydrogen, while capturing and storing the CO2. It is still early days, but we see this as an exciting opportunity for natural gas in the future.

Here’s what Equinor is doing today:

Enabled by new technology

We make it all happen thanks to new digital tools and technology

We’re just seeing the beginning of how digital tools can help us deliver energy in a more efficient way, both when it comes to emissions and cost.

Our digital front-runners are exploring tools and ways of working with big data and machine learning that will enable the whole company and our collaborators in reaching our ambition of net zero. We are seeing the contours of a new wave of digital transformation which drives sweeping change.

Read more about what we’re doing: