Shell is committed to contributing to a net-zero world and has set a target to become a net-zero emissions energy business by 2050. Becoming a net-zero emissions energy business means that we are reducing emissions from our operations, and from the fuels and other energy products we sell to our customers. It also means capturing and storing any remaining emissions using technology or balancing them with offsets.
The biosphere takes on an increasingly important role in stabilising the climate through the 21st century, both from its role in providing renewable feedstocks for fuels and chemicals, as well as its carbon storage potential. Photosynthesis not only provides a mechanism to capture solar energy, but also generates molecular building blocks for emerging bio-manufacturing industries. Plant growth and microbial soil communities can also promote the storage of carbon in soils.
Many of our customers have announced their own targets to achieve net-zero emissions. We therefore work together with customers sector-by-sector to change and grow demand for innovative low-carbon energy products and services. In the agricultural sector, Shell aspires to enhance quality of life by supporting the production of food, clean air, water while enhancing soil carbon by offering sustainable solutions while creating value for all stakeholders.
I will provide examples of how Shell is working with the agricultural sector globally on nature-based solutions that capture carbon in soil. I will also identify areas where innovation, digitalisation and systems thinking could enhance the role of agriculture in tackling climate change and the energy transition.