Welligence Energy Transition | The Petrobras Paradox: Can output be increased while pursuing decarbonization goals?

October 20, 2023

Petrobras has made ambitious and comprehensive energy transition targets. It aims to maintain an upstream emissions intensity of 15 kgCO2e/boe between 2025 and 2030 and reduce its absolute emissions by 30% by 2030, relative to 2015. Additional targets also cover flaring, venting, and CCUS; all aimed at achieving net-zero scope 1 and 2 emissions by 2050.

This note showcases how clients can use the Welligence platform to examine a company‚Äôs energy transition goals, how they align with its forecasted production, how it’s progressing towards its stated targets, and what are the potential threats to its ambitions.