Why set a carbon price?
Internal carbon pricing enables us to:
Carbon pricing
Supporting carbon pricing
We believe that a carbon price must be set for all productive sectors worldwide as a key element in policies to fight climate change.
Raising awareness and improving habits
As such, each ton of CO2 will come with a price for everyone, from industry to end consumers. This would have a knock-on effect on their activity, make them aware of the problem, and change their habits towards a more efficient consumption and production model. The effect would be further strengthened with clear and transparent information on the costs and the repercussion on all those involved.
Why set a carbon price?
Internal carbon pricing enables us to:
Be aware
Of how climate policies affect investments.
Design efficiently
We consider energy from our projects very beginning.
Assess and make decisions
On our current and future investments.
Control the impact
Of our activity about climate change.
Carbon pricing at Repsol
In the absence of global measures, Repsol has established its own internal carbon price that we apply to all new investments we make. Within the European Union, values are set at $70/t in 2025 and go up to $100/t after 2030. In other countries, we've set the price at $60/t after 2025.
Related
Net zero emissions by 2050
We are the first energy company to take on the commitment of reaching net zero emissions by 2050.