(News Bulletin 247) – UBS reiterates its advice to buy on value with a target of 2750p after the presentation of two scenarios examining energy and climate security.

Shell’s management presented an update on energy transition and ESG progress, ahead of its May 23 annual general meeting. The company has also published two new energy scenarios for 2050,’ indicates the analysis office.

Baptized Archipelagos, the 1st scenario is ‘exploratory’ and presents how the transition phenomenon could stretch until the end of the century. Net zero emissions could be reached by 2100.

The second scenario, Sky 2050, ‘normative and extremely challenging’ shows how fast the world must move to meet the Paris Agreement target.

Copyright (c) 2023 News Bulletin 247. All rights reserved.