Spain’s Repsol taking the front seat in transition drive

Spain’s Repsol was the first oil major to set net-zero emissions to target in December 2019, and the company has pivoted fast to grow its low-carbon energy business launching a raft of wind, solar, biofuels, and green-hydrogen projects. The surge in clean energy projects will see Repsol's low-carbon spending jump to 40% of total capex by 2030, up from an already peer group-leading 25% in 2020. Following an interview with Luis Cabra, Repsol's head of Energy Transition, Sustainability, and Technology, S&P Global Platts Robert Perkins and Roman Kramarchuk discuss the key points of Repsol’s low-carbon transition strategy and how they fit with the S&P Global Platts broader outlook of the energy transition landscape.