Energy powers economic growth, raising living standards and lifting millions from poverty. Demand for energy is increasing, but so are the global environmental stresses linked to meeting it. A transition to a sustainable energy system, and low carbon economy, is beginning, but it will take decades. Fossil fuels provide around 80 per cent of the world's energy today and they are expected to remain the cornerstone of the global energy system for many years to come.
So the need to tackle climate change remains urgent. Greater energy efficiency will help, but the challenge is to find ways to produce more energy with significantly lower CO2 emissions. All forms of energy will be needed to meet demand, including cleaner fossil fuels and more renewables.
Shell believes the best way to secure a more sustainable energy future is to take action today. We are producing more cleaner burning natural gas for use in power generation; focusing on sustainable biofuels to cut CO2 emissions from road transport fuels; developing technology to capture and store CO2 emissions (combining natural gas with carbon capture and storage could reduce CO2 emissions by 90 per cent compared to coal); working to improve the energy efficiency of our own operations; and the advanced fuels and lubricants we develop help our customers to use less energy.
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