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What India needs to do this decade in order to be on a trajectory to meet its 2030 commitments?

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What India needs to do this decade in order to be on a trajectory to meet its 2030 commitments?

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The 2020s mark a decisive decade for global action, setting the stage to fulfil the ambitious goals of the Paris Agreement. India, with substantial progress in transitioning to low carbon energy system, stands at the forefront of this transformative journey.

\r\n

In collaboration with The Energy and Resources Institute (TERI), Shell worked to create the India Scenarios Sketch, exploring the country\u2019s energy transition in the context of the ongoing development of the Indian economy. Building on this foundation, our latest report focuses on the key areas for action this decade and key policies to enable those actions.

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Discover the visionary roadmap that outlines the concrete steps that India must take to achieve a net-zero emissions energy system. Find out more by following the links below.

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Read the full report

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Download a summary of the India 2030

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See how sectors transform until 2030

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WARNING \u2013 UNCERTAINTIES AHEAD: India transforming to a net-zero emissions energy system A call to action to 2030 Copyright of Shell International B.V. and The Energy and Resources Institute (TERI), August 2023.

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In developing this scenario sketch, Shell and TERI have considered four decarbonization scenarios for India: two based on the recent Shell published Energy Security Scenarios (namely Sky 2050 and Archipelagos) and two based on previously published Shell-TERI scenarios for India (namely Net Zero and Towards net zero in the Shell Scenarios Sketch: India: Transforming to a net-zero emissions energy system, 2021). There are other possible paths for India to take towards a net-zero energy system, which depend on the technologies and policies the country prioritises. Shell believes different countries and sectors will move towards net-zero emissions at different pace, and all should move as fast as possible for society to achieve the goal of the Paris Agreement.

\n

Shell\u2019s scenarios are not intended to be projections or forecasts of the future. Shell\u2019s scenarios, including the scenarios contained in this content, are not Shell\u2019s strategy or business plan. They are designed to stretch management to consider events that may only be remotely possible. Scenarios, therefore, are not intended to be predictions of likely future events or outcomes and investors should not rely on them when making an investment decision with regard to Shell plc securities. When developing Shell\u2019s strategy, our scenarios are one of many variables that we consider. Ultimately, whether society meets its goal to decarbonise is not within Shell\u2019s control; only governments can create the framework necessary for society to meet the goal of the Paris Agreement. The Sky 2050 scenario is a normative scenario, which means we assume that society meets the most ambitious goal of the Paris agreement: limiting the increase in global average temperatures to 1.5\u00b0C above pre-industrial levels this century, and then we work back in presenting how this may occur. Our assumptions for Sky 2050 are based on what we believe are technically possible as of today and not necessarily plausible. Our Archipelagos scenario is an explorative scenario, which means we do not assume the final outcome, rather we use plausible assumptions based on the data to determine what we believe will occur in the future. Of course, there is a range of possible paths in detail that society could take to achieve this goal. Although achieving the goal of the Paris Agreement and the future depicted in Sky 2050 while maintaining a growing global economy will be extremely challenging, today there is still a technically possible pathway to accomplish it. However, we believe the window for success is quickly closing.

\n

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this content \u201cShell\u201d, \u201cShell Group\u201d and \u201cGroup\u201d are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words \u201cwe\u201d, \u201cus\u201d and \u201cour\u201d are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. \u201cSubsidiaries\u201d, \u201cShell subsidiaries\u201d and \u201cShell companies\u201d as used in this content refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as \u201cjoint ventures\u201d and \u201cjoint operations\u201d, respectively. \u201cJoint ventures\u201d and \u201cjoint operations\u201d are collectively referred to as \u201cjoint arrangements\u201d. Entities over which Shell has significant influence but neither control nor joint control are referred to as \u201cassociates\u201d. The term \u201cShell interest\u201d is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

\n

This content contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management\u2019s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management\u2019s expectations, beliefs, estimates, forecasts, projections and assumptions.

\n

These forward-looking statements are identified by their use of terms and phrases such as \u201caim\u201d, \u201cambition\u201d, \u201canticipate\u201d, \u201cbelieve\u201d, \u201ccould\u201d, \u201cestimate\u201d, \u201cexpect\u201d, \u201cgoals\u201d, \u201cintend\u201d, \u201cmay\u201d, \u201cmilestones\u201d, \u201cobjectives\u201d, \u201coutlook\u201d, \u201cplan\u201d, \u201cprobably\u201d, \u201cproject\u201d, \u201crisks\u201d, \u201cschedule\u201d, \u201cseek\u201d, \u201cshould\u201d, \u201ctarget\u201d, \u201cwill\u201d and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this content, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell\u2019s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID 19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this content are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc\u2019s Form 20-F for the year ended December 31, 2022 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this content and should be considered by the reader. Each forward-looking statement speaks only as of the date of this content, August 1, 2023. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this content.

\n

Shell\u2019s net carbon intensity
\nAlso, in this content we may refer to Shell\u2019s \u201cNet Carbon Intensity\u201d, which includes Shell\u2019s carbon emissions from the production of our energy products, our suppliers\u2019 carbon emissions in supplying energy for that production and our customers\u2019 carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell\u2019s \u201cNet Carbon Intensity\u201d is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

\n

Shell\u2019s net-Zero Emissions Target
\nShell\u2019s operating plan, outlook and budgets are forecasted for a ten year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Intensity (NCI) targets over the next ten years. However, Shell\u2019s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCI target, as these targets are currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell\u2019s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

\n

The contents of websites referred to in this content do not form part of this content.

\n

We may have used certain terms, such as resources, in this content that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

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Shell has been developing possible visions of the future since the early 1970s, helping generations of Shell leaders, academics, governments and businesses to explore ways forward and make better decisions. Shell Scenarios ask \u201cwhat if?\u201d questions, encouraging leaders to consider events that may only be remote possibilities and stretch their thinking.

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Our latest scenarios look into the possible consequences of recent events, including Russia's invasion of Ukraine. How could the world fight climate change when its most immediate desire is for security?

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