Doubling the share of renewables in the global energy mix to 36% by 2030 could save the world economy up to $4.2trillion a year, according to new research by the international Renewable Energy agency (IRENA).
Statoil said it is already close to achieving its aim of reducing CO2 emissions on the Norwegian Continental Shelf by up to 800,000 tonnes by 2020.
The Norwegian operator said it has now decided to increase its target by 50% to 1.2million tonnes.
Seven years ago the petroleum industry, led by Konkraft, agreed on a goal of improved energy efficiency of up to one million tonnes of CO2 between 2008 and 2020.
