Disclaimer: The Reuters news staff had no role in the production of this content. It was created by Reuters Plus, the brand marketing studio of Reuters. To work with Reuters Plus, contact us here.
The ONESIAM Experience
Immerse yourself in the ONESIAM Experience, a union of six premium venues across Bangkok that offer luxury retail opportunities, fine dining, authentic street cuisine and unforgettable experiences inspired by vibrant Thailand.
BE Amazed
BE Inspired
BE Revolutionized
at the combined scale and exclusive highlight attractions.
by the unparalleled variety of shopping, dining and attractions.
by new retail concepts that go beyond the traditional.
The ONESIAM Experience brings together six locations – Siam Center, Siam Discovery, Siam Paragon, ICONSIAM, ICS and Siam Premium Outlets Bangkok – with more than 2 million square meters of retail space to explore. Each property has its own character and flavor, delivering encounters and memories that make any visit to Bangkok special.
These distinct yet complementary venues serve up the traditional sights and sounds of the world’s favorite holiday destination and meet the retail and dining requirements of the discerning traveler.
The properties at the heart of the ONESIAM Experience also have a firm following among leading local retail experts, with PP Group joint-founder Suvadee “Pin” Phungbunphra emphasizing the “truly encompassing lifestyle experience” they deliver.
The six properties under Siam Piwat offer a truly encompassing lifestyle experience
Suvadee “Pin” Phungbunphra, PP Group joint-founder
“There are multiple-segment shopping, dining and entertainment experiences for every age group and to meet every preference under one roof,” said Phungbunphra, adding that the malls provide the ultimate consumer experience by delivering three key elements: A wide variety of products, great customer service and a luxurious yet friendly environment.
Synonymous with building luxury brands’ business in Thailand, Phungbunphra also applauded the outlets’ “commitment to Thai culture, cuisine, fashion, crafts and art” and for sharing these unique symbols of the nation with the rest of the world.
Pressed to identify her favorite aspect of the properties, Phungbunphra settled on the tastes of Thailand.
“Personally, I am a big fan of Thai food and snacks. So my recommendation is to come with a big appetite and try as many local delicacies as you can.”
With something for everyone, ONESIAM Experiences must be part of every visitor’s itinerary.
ONESIAM Experience Options
With six thrilling properties to explore, the ONESIAM Experience has something for everyone.
Widely regarded as the pride of Bangkok, this shopping and entertainment landmark is the heartbeat of modern living in the city.
Siam Paragon offers a comprehensive selection of luxury brands within its dedicated Luxe Hall, along with dozens of additional outlets. Dining options in the Gourmet Eats zone range from Michelin-starred outlets to a wide selection of international cuisines. Do not miss SEALIFE Ocean World Bangkok, one of the most expansive aquariums in South East Asia.
Siam Paragon
Siam Paragon
Siam Center
The original and best-loved mall in Thailand, Siam Center is famous for being a creative and exciting shopping and entertainment destination.
That reputation was burnished through a comprehensive renovation that transformed the outlet into “The Ideaopolis” – an arena of imagination and creativity for art, fashion and lifestyle. The venue is also proud to showcase the trend-setting work of local designers, has a selection of elite sneaker stores and attracts science-fiction fans with The Gundam Base Thailand.
Siam Center
Siam Discovery
ICONSIAM
Siam Premium Outlets Bangkok
ICS
The first and largest specialist lifestyle store in Thailand, Siam Discovery has reversed the traditional retail experience to put customers at the center instead of the brands.
“The Exploratorium” inspires visitors to sample new concepts and ideas, niche products and carefully curated brands. Investigate the eco- specialties at ECOTOPIA and the pre-loved luxury items available at Circular of Lux and curated lifestyle products at Loft. Siam Discovery is also home to the world-renowned Madame Tussauds wax museum and the Legend Heroes Sports indoor sporting hub.
Siam Discovery
As its name suggests, this property has become an iconic landmark for lifestyle and fashion aficionados as well as travellers in search of immersive experiences. ICONSIAM is more than a mall, it’s an attraction in and of itself in Bangkok. Alongside the Chao Phraya River, this world-class development incorporates two elegant retail complexes with world-class waterfront residential opportunities and the stunning SOOKSIAM recreation of Thailand’s famous floating market providing food and local products from the nation’s 77 provinces.
ICONCRAFT delivers the innovative works of Thai artisans and local communities while at 400 meters, the ICONIC Multimedia Water Feature is the longest water fountain show in Southeast Asia. The ICONLUXE zone hosts the flagship stores of luxury brands and for children, the MEGA HarborLand play complex is a star attraction.
ICONSIAM
This award-winning venue highlights more than 300 luxury brands in a peaceful outdoor setting en route to Bangkok’s Suvarnabhumi International Airport. Dedicated to exclusivity, it is the only outlet in Thailand to showcase Burberry, Coach, Michael Kors, Balenciaga and Boss.
Siam Premium Outlets Bangkok
The newest addition to the ONESIAM Experience has 70,000 square meters of retail space and entices visitors with more than 200 lifestyle brands as well as a vast array of tempting dining options.
Ensuring this is an all-encompassing lifestyle complex is the Siriraj H Solutions smart medical center, a cutting-edge venture with Siriraj Hospital, one of the leading medical academies in Thailand. In April 2024, ICS also marked the opening of the Hilton Garden Inn.
ICS
The energetic and exciting festivities of Songkran are uniquely Thai and mark the start of the New Year. Our ONESIAM Experience properties will be taking part in the occasion with performances, processions and unforgettable encounters and adventures – all part of the “World Water Festival: The Songkran Phenomena!”
Songkran
April
Songkran
April
Arts & Crafts
August
Luxury Fashion
October
Christmas and Year-End Celebrations
Nov & Dec
Chinese New Year
Jan & Feb 2025
The ONESIAM experience is going beyond traditional retail opportunities to embrace creativity and experiential spaces. Based on a desire to bring people together and celebrate the global appeal of cutting-edge art, participating malls are serving as platforms for eye-catching works.
Highlights include the ‘World Art Collective’ at Siam Paragon, which will showcase curated art collections from around the world, and the Art and Culture Exhibitions at ICONSIAM, highlighting Thai arts and crafts. For art toy aficionados, Siam Paragon, Siam Center and Siam Discovery will serve as Bangkok's premier art toy destinations.
Arts & Crafts
August
Taking Fashion Revolution as the theme, ONESIAM properties will hold a series of glittering global fashion events throughout October - with international visitors able to enjoy exclusive promotions across all our locations.
These events will showcase the local and international designers who are shaping the world of fashion and who are driving its evolution through the key aspirations of sustainability, inclusivity and technology.
From street fashion to the luxury end, key events include the global seminar WWD x Siam Piwat on October 4 at Siam Paragon and October 2-6 Siam Paragon Bangkok International Fashion Week. ICONSIAM will stage the Elle Fashion Week 2024 from October 9-12, while Siam Center will host the five-day Visionary Stage from October 2 and Siam Discovery will examine The Future of Fashion throughout the entire month of October.
Luxury Fashion
October
Celebrate the gift-giving season and ring in 2025 across all six properties. For the best countdown experience, visit ICONSIAM for the “Amazing Thailand Countdown.”
For specially curated performances from around the world, visit Siam Paragon, Siam Center and Siam Discovery. And whether you are coming as a couple or a family, a group of friends or on your own, there is a celebration awaiting everyone.
Christmas and Year-End Celebrations, plus New Year Countdown
November and December
Enjoy mesmerizing Chinese New Year celebrations!
With 2025 marking the golden anniversary of Thai-Chinese relations, Bangkok’s six iconic destinations are marking 50 years of close ties between the two nations. For six days from January 28, we will celebrate “A Prosperous New Year 2025” with a wide array of events and activities to suit every taste.
In collaboration with UNESCO, Siam Paragon is showcasing the ancient arts and culture of the World Heritage Site of Dunhuang. The highlights will be spectacular “Ancient Sound of Dunhuang” by the Gansu Performing Arts Group from China. ICONSIAM’s River Park has been transformed into an energetic China town district which will feature the exclusive “Lancang to ChaoPraya” sculpture exhibition.
Siam Discovery is also serving a special Chinese New Year menu. While Siam Center will mark the Southeast Asian debut of TOYZEROPLUS World presenting beloved characters in Chinese costumes in celebration of Chinese New Year, along with a host of other activities. Finally, shoppers at Siam Premium Outlets can celebrate with New Year premiums on their purchases.
Chinese New Year
January and February 2025
Visitor privileges
The latest information on events and special promotions taking place across the ONESIAM Experience are highlighted in the dedicated section for international visitors.
discover more
discover more
Visitors can also easily apply for a special Tourist Card to access a range of discounts within and beyond the six properties, maximizing access to a vast ecosystem of partners as well as delivering information on brand promotions and privileges, such as our exclusive tourist lounges.
World-Class Lifestyle Destinations
Boutiques and bespoke stores offer 20,000 luxury and lifestyle brands and these locations host more than 500 events annually.
The ONESIAM Experience Upcoming
PRIDE MONTH
JUNE
Under the banner of “The Celebration: Right to Love,” ONESIAM Experience in June presents Bangkok’s biggest pride parade and gathering of the global LGBTQIA+ community along with Bangkok Pride.
Siam Discovery, Siam Center and Siam Paragon will serve as venues for the celebrations and are on the route for the June 1st Bangkok Pride Parade. The Teletubbies will be this year’s Pride Ambassadors and join in the celebrations, marking Thailand’s move towards legalizing same-sex marriage. Siam Paragon will from May 31st host the four-day Drag Bangkok Festival 2024, the first in Southeast Asia and showcasing more than 500 drag artists from around the world. ICONSIAM is the venue for the June 7-8 Pride Market and “Pride Out Loud presents: Thai Pride x ICONCRAFT” – a two-day art and craft marketplace with a fashion show and concerts by renowned LGBTQIA+ artists.
PRIDE MONTH
JUNE
My recommendation is to come with a big appetite and try as many local delicacies as you can.
The ONESIAM Experience brings together six locations – Siam Center, Siam Discovery, Siam Paragon, ICONSIAM, ICS and Siam Premium Outlets Bangkok – with more than 2 million square meters of retail space to explore. Each property has its own character and flavor, delivering encounters and memories that make any visit to Bangkok special.
The Reuters news staff had no role in the production of this content. It was created by Reuters Plus, the brand marketing studio of Reuters.
Produced by Reuters Plus for
The Reuters news staff had no role in the production of this content. It was created by Reuters Plus, the brand marketing studio of Reuters.
Produced by Reuters Plus for
Disclaimer: The Reuters news staff had no role in the production of this content. It was created by Reuters Plus, the brand marketing studio of Reuters. To work with Reuters Plus, contact us here.
The use of low carbon hydrogen as an energy source – and the complex supply-chains required for a scalable economy – is in its infancy. There are hurdles to overcome, including driving awareness and required investment. It’s an area where synchronisation is required to ensure that supply, demand, and infrastructure grow together. Hydrogen can help drive down carbon emissions, but to make it viable in the energy mix requires multidisciplinary collaboration.
Grey and brown hydrogen is produced via SMR or gasification. CO2 is also produced in this process. By adding CCS technology to capture these emissions, decarbonised “blue” hydrogen is produced.
Blue hydrogen can be one of the most cost-effective forms of carbon capture because of the purity of gas achieved from the chemical reaction, if the energy inputs are electrified, according to the Energy Transitions Commission. It is considered vital in building the hydrogen ecosystem, supply chain and infrastructure, while significantly reducing emissions.
Renewable “green” hydrogen is truly sustainable. Electrolysers powered by windfarms or other renewable electricity sources use surplus zero-carbon electricity to transform water into its constituent parts: oxygen and hydrogen. While currently constrained by the deployment of renewable infrastructure, green hydrogen is expected to play a major part in any net zero future.
The colour of low carbon
Hydrogen has potential to be a renewable and versatile low to no carbon energy source for those industries that require a molecular solution. And with an energy density the UK government states is almost three times that of traditional fossil fuels, hydrogen can be an attractive alternative to fossil fuels for many hard to electrify sectors. These sectors are the heavy lifters of modern life, including cement, steel, iron and chemicals manufacturing; and transport where electrification is not possible.
A key challenge to a reliable hydrogen supply is strengthening the demand signals necessary to secure production investment. Getting to this stage requires collaboration across all stakeholders, including governments, energy companies, industry, and financial institutions, to remove the risk of “first mover disadvantage” and secure returns across the value chain.
Hydrogen must act as a link between the old and new energy ecosystems. Low-carbon hydrogen is the molecule that reaches where electrons can’t. It must act as a bridge between the old and new energy ecosystems. When created from renewable energy, it offers a low-carbon molecular solution, can store energy for transport or be used to balance peak network demand.
How can we make energy carbon free?
Source: Costain
CO Storage
2
Low Carbon Hydrogen
Power to Gas
Industrial Gas Customers
H Powered Transport
2
H Powered Vehicles
2
Underground Storage
Low Carbon Hydrogen
H Powered
Transport
2
During the energy transition, natural gas and liquified natural gas (LNG) has a vital role to play in keeping the lights on. Even with advancements in renewable energy, many forecasts show natural gas will remain core to meeting global energy demand for some time, including as a backup fuel source for renewables.
Using CCS would also enable industry to tackle their dependence on fossil fuels, while laying the foundations for a decarbonised hydrogen economy. Significant amounts of heavy industry infrastructure have only recently been deployed, or are less than halfway through their lifecycle. CCS is vital in reducing emissions from these areas.
With industry and society working together, through partnerships and policy mechanisms, both carbon pricing and government support will encourage the expansion of CCS. In Europe, the foundations are being laid for global collaboration around capturing carbon. Individual manufacturers cannot carry the costs on their own. This requires shifts across the entire value chain to succeed.
Support for today’s markets
Steel and cement are fundamental parts of renewable energy infrastructure, such as wind generation; and almost half (48%) of the global population is fed with crops grown with synthetic fertilisers, according to Cambridge University research. By 2050, the IEA forecasts global demand for steel and cement will increase by more than a third (33%), and for fertiliser by 50%, according to research published in Nature.
Electrification is not feasible in some heavy-duty sectors, and the cost of changing decades-honed processes can be too high to be absorbed by individual manufacturers. Finding new ways to drive down the carbon impact of such sectors has become a priority.
A promising CCS solution with gamechanger potential is Direct Air Capture (DAC). Like nature, it has potential to remove CO2 at scale, directly from the atmosphere, to be stored underground. DAC could be deployed anywhere, tackling both emissions that are hard to avoid - from heavy industry and long-distance transport - and legacy emissions.
A heavy industry gamechanger
Sources – 1:IEA; 2:AP News; 3:Nature; 4:IEA, 5:IEA
annual emissions of chemical production;
2.5% of global total
4, 5
1.0Gt
annual emissions of synthetic nitrogen fertilisers, 2.1% of global total
3
1.1Gt
annual emissions of cement, >7% of global total
2
2.9Gt
annual emissions of iron and steel sector, 7% of global total
1
2.6Gt
Carbon Capture and Storage (CCS) will be essential to achieve NZE and successfully transition to a cleaner energy system. It is the only group of technologies, according to the IEA, that contributes both to reducing emissions in key sectors directly while also offering the potential to remove carbon dioxide (CO2) from the atmosphere.
CS involves capturing CO2 emissions at source: compressing, transporting and locking it away deep underground. CCS can be deployed in a multitude of ways: retrofitted to power stations, tackling the hardest to abate emissions; and, in time, to remove carbon directly from the atmosphere via Direct Air Capture (DAC) technologies. It is also intimately linked to hydrogen production. CCS is key to accelerating a low-carbon hydrogen economy; hydrogen is key to scaling up CCS.
Off-shore Transport
Buffer Storage
C0 Capture Plant
2
On-shore Transport
To Geological Storage
In shipping, for example, the total cost of ownership of lower carbon alternatives could still be at least 1.3 times higher than conventional fuels in 2030, according to [McKinsey’s Driving decarbonization: Accelerating zero-emission freight transport 2022 report. The IEA’s biofuel recommendations for policymakers are three-pronged: implement sustainability frameworks; expand demand policies consistent with a net-zero trajectory; and support innovation, especially for waste and residue-based fuels and fuels with lower greenhouse gas emissions.
Policy will be key
*The number of one-way individual business traveller flights has been calculated based on the following assumptions; a carbon intensity of SAF of 22 gCO2e/MJ, a flight distance between London and New York of 5541km, and an emissions factor for a long-haul flight of 0.102 kgCO2e/passenger-km based on UK DEFRA 2021 emissions factors for corporate reporting.
Shell has committed to producing and supplying biofuels to help lower emissions from heavy transport - in conjunction with electric vehicle charging, hydrogen and liquefied natural gas.
The crucial role biofuels can play in the energy transition has also been globally recognised, with the International Energy Agency (IEA) stating contributions from biofuels used in global transport must drastically increase; from less than 4% in 2021 to 15% by 2030 in its Net Zero Scenario 2050.
Major hurdles to overcome
Around the world, global commerce is being carried – literally – by trucks, ships, and planes. And, while the electrification of lighter vehicles is gathering momentum, this is not currently viable for these hard-to-abate sectors. Stopping trading is not an option, but nor is continuing to operate without addressing the emissions created in using the current energy system.
There is one solution available today that, if scaled up, can play a vital role towards the decarbonisation of the transport industry – Biofuels. These are a drop-in solution meaning that they can be deployed in existing infrastructure and vehicles, leaping over the considerable time and cost barriers of developing new engine technologies and power trains. It also gives these sectors time to develop the infrastructure for newer forms of energy such as hydrogen.
Feedstocks used for biofuel production absorb carbon in the short-term carbon cycle, which can lead to a lower carbon intensity fuel than those produced from traditional oil and gas as they do not add new carbon to the atmosphere.
The role of biofuels in
the energy transition
Biofuels
Waste CO
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Processing
Food Waste
Oil and Gas
Fossil Fuel
Food
Crops
Short-term cycle
Long-term cycle
Low Carbon
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waste
Waste Cooking
Oil
CO
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Energy Crops
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Animal Feed
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Used
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CO Storage
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Low Carbon Hydrogen
Power to Gas
Industrial Gas Customers
H Powered Transport
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Low Carbon Hydrogen
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To Geological Storage
Power & Fuel
Bio Fuels
Animals
Town
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Energy Crops
Animal Feed
Used
Cooking Oil
Agricultural
Waste
Nature based solutions (NBS)
Hydrogen
Carbon Capture & Storage (CCS)
Biofuels
Hover over the hotspots to find out more
?
Hover over the hotspots to find out more
Today, an increasingly diverse energy system shapes how we live our lives. As the imperative
to tackle carbon emissions grows, deploying lower carbon solutions has taken on a new sense
of urgency, and requires multidisciplinary collaboration.
Powering
progress
2. The Eco Experts
Sources:
1. European Commission
2
1
2
2
Shipping is responsible for 1.9% of global CO emissions
6,847 tons of excess CO e caused by the Ever Given blocking Suez Canal
2. Cepsa
Sources:
1. Our World in Data
2
1
2
2
Aviation is responsible for 2.5% of global CO emissions
1.7 tons CO emitted by return flight London to New York
2. Cepsa
Sources:
1. MarketWatch
2
1
422 tons CO of emitted by 10 most popular Super Bowl LVII ads
70 tons CO equivalent emitted by single ad campaign
2
2
Source: Rapid Transition Alliance
Global sports industry has emitted between 50-60 gigatons of CO
3.6 MT CO emitted by Rio Olympics, highest on record for the games
2
2
2. United States Census Bureau
Sources:
1. Imperial College London College London
2
1
2
Cement is responsible for
7% of global CO emissions
912,000 new homes built
in US in 2020
Shell Low Carbon Solutions meets the demand of heavy industry and transport for a secure supply of accessible energy and actively seeks to help them overcome the challenges to deploying the cleaner energy solutions increasingly necessary to secure and power progress. These include society’s most carbon-intensive and hard-to-electrify sectors, including iron, concrete, shipping, and aviation.
Helping these price-sensitive sectors identify and unlock the value in decarbonisation is key to commercially sustaining demand for more and cleaner energy solutions - anchoring cost to value for suppliers, customers, investors and taxpayers.
The energy challenges being faced vary between and within different sectors and regions. The pathways to efficiently reach net zero differ too, requiring a portfolio of solutions enabled by collaboration throughout the value chain. It’s not about replacing one solution with another; it’s about creating commercially and technically viable pathways that meet customers’ energy needs today while advancing the world towards net zero.
Source: IEA
Shell Low Carbon Solutions
GW of electrolyser capacity added
2
new hydrogen‐based industrial plants built
3
heavy industrial plants equipped with CCS
10
Every month from 2030 onwards...
Biofuels, carbon capture and storage, hydrogen, and nature-based solutions all have a part to play and provide a lower carbon bridge to a cleaner energy future. The pace and scale of developing and deploying these solutions must increase. Cutting industry emissions almost entirely by 2050 will require significant investment in new infrastructure.
Source: IEA Net Zero by 2050
will be carbon captured (0.04Gt today)
7.6Gt
>90% of heavy industry production will be low emissions
70% of global electricity will come from solar PV and wind
90% of total electricity generation will be sourced from renewables
By 2050...
There are sectors that continue to have no immediate, scale alternative to the current energy system. Finding ways to reduce or manage the carbon side-effects of such energy demands will be critical if we are to have any hope of achieving the Paris Agreement targets...
Source: IEA World Energy Outlook 2022
Unplanned, chaotic or premature retirement of existing fossil fuel infrastructure could have negative consequences for energy security as well as for people. New and old systems will exist side-by-side during the transition, and effective management of their interactions is essential.
Since the Industrial Revolution, people’s ability to harness energy has propelled our world forward. Thomas Edison sparked our imagination, Henry Ford introduced us to the road less travelled, and John Logie Baird enabled us to broadcast our stories to the world.
Such progress has been powered by fossil fuels, and continues to do so; from the aesthetic beauty of Apple’s products to the utility of Microsoft’s suite and Amazon’s next day deliveries.
But now, as reducing emissions takes centre stage, finding commercially viable ways to stimulate demand for solutions for the hard-to-electrify sectors requires multidisciplinary collaboration. Progress demands a secure supply of affordable energy while creating a lower carbon system fit for tomorrow.
Energy drives human progress.
Feedstocks used for biofuel production absorb carbon in the short-term carbon cycle, which can lead to a lower carbon intensity fuel than those produced from traditional oil and gas as they do not add new carbon to the atmosphere.
The Reuters news staff had no role in the production of this content. It was created by Reuters Plus, the brand marketing studio of Reuters.
PRODUCED BY REUTERS PLUS FOR
Challenges remain. In aviation, for example, SAF was reported to cost four times more than conventional fossil-based kerosene in a 2021 report by Aviation Today. And with fuel the primary variable cost for commercial airlines it is a far stretch to expect airlines to be able to absorb such costs alone and remain competitive. However, there is growing recognition that a full value chain approach is key to overcome the cost challenge, and there are initiatives which are starting to tackle this head on.
In June 2022, Shell partnered with Accenture, Amex GBT and Google to launch Avelia, one of the world’s first blockchain-powered SAF solutions for business travel. Avelia hopes to jumpstart SAF fuel supply and demand and, at launch, offered around 1 million gallons of SAF – enough to power almost 15,000 business flights from London-to-New York.* Currently JetBlue, Alaska and Air Greenland and Cathay Pacific, among others, are supporting this programme.
CLICK TO EXPAND
To unlock biofuels’ potential, it’s essential for policy to ‘level the playing’ field so that making cleaner energy choices doesn’t result in “first mover disadvantage”. The right policies and incentives are key to synchronise demand and supply where deployment remains low. Governments have gone some way to building supportive policy frameworks, but more must be done to create a cohesive system, including fiscal support that stimulates demand, supports supply and permits the infrastructure that connects.
Shell has committed to tackling the financial and technical challenges and to delivering more value with less emissions. Under its Powering Progress strategy, the company is accelerating decarbonisation by collaborating with customers and sectors to identify and unlock the value that makes low carbon solutions commercially sustainable.
Anna Mascolo, Executive Vice President, Low Carbon Solutions
To secure and promote social and economic progress, we must strive to create more value with less emissions...Which is why we take a balanced approach to the energy transition – ensuring a secure supply of energy today, while helping to shape the lower-carbon energy system of tomorrow.
Decarbonising the energy required to power the transition
Carbon capture & storage (CCS)
CLICK TO EXPAND
Making the case for Hydrogen
hydrogen
CLICK TO EXPAND
Source: Energy Transitions Commission
To achieve net zero by 2050, global hydrogen production will have to increase at least tenfold
NBS is an emerging market. It often faces significant hurdles. From knowledge gaps to implementation difficulties, problems with planning trade-offs to challenges in establishing finance. But solutions can be found. Through knowledge sharing and the allocation of resources from global bodies and engaging those with experience on the ground.
Critical to the success of every NBS project is the involvement and expertise of local communities for whom they secure long-term progress. Shell Low Carbon Solutions invests in NBS projects that engage with those on the ground and strive to be sustainable by delivering progress and value to the communities they will most affect. Ensuring the long-term stewardship and care of these ecosystems.
Challenges remain. Solutions exist
Carbon credits offer an important mechanism for investing in NBS and offsetting carbon emissions that cannot be avoided. The aim is to help less developed communities not repeat the mistakes of the past, by making it more rewarding to protect and promote nature rather than use it as fuel for short-term progress.
However, emissions offsets must be independently verified and consensus reached on certification standards to address public concerns. Current flaws should not be used as an excuse to discard the entire system that is helping companies achieve net-zero emissions.
In 2021, Shell retired 5.1 million carbon credits associated with the use of Shell's energy products by its customers, which is part of Shell's net carbon intensity.
Depositing in the carbon bank
Nature created, and remains, the most efficient carbon sequestration system. Having written the rules, the speed and scale of nature’s impact remains unrivalled by any current technology currently. Protecting nature from deforestation while supporting and enabling the natural world to be part of the solution will remain fundamental to achieving net zero.
The world’s forests absorb around 15.6 Gt CO2 every year – roughly three times the US’s annual CO2 emissions. But forests are not being left to do their job. Each year, around 8.1 Gt CO2 is released back into the atmosphere, with deforestation and forest degradation responsible for around 15% of all greenhouse gas emissions. It is not just vegetation that is capturing carbon, but soil too.
CLICK TO EXPAND
Nature – the solution and the problem
nature-based solutions (NBS)
Disclaimer: The Reuters news staff had no role in the production of this content. It was created by Reuters Plus, the brand marketing studio of Reuters. To work with Reuters Plus, contact us here.
The world will need different types of energy to meet growing demand. This includes oil and natural gas to maintain power while the transition takes place. While electrification can decarbonise cars and small commercial vehicles, replacing coal and gas with natural gas can significantly reduce emissions while meeting demand for a secure, scale supply of affordable energy .
