Oil major Royal Dutch Shell on Thursday outlined the details of its near-term and long-term plans to transition to cleaner energy, saying its oil production and total carbon emissions have already peaked.

Shell said it aims to reduce net carbon emissions by between 6% to 8% by 2023 when compared to 2016 levels. The target jumps up to 20% by 2030, 45% by 2035, and 100% by 2050. The company had previously only committed to reducing its net carbon emissions by at least 3% by 2022, 30% by 2035 and 65% by 2050, using 2016 as a baseline measure.

Shell said it expected its total carbon emissions to have peaked in 2018 at 1.7 gigatons per annum, and confirmed its total oil production peaked in 2019.

Kaynak: CNBC