ESG Dialogue

THE ENERGY SECURITY SCENARIOS IN ANY SCENARIO, ELECTRIFICATION ACCELERATES The final energy system trends rapidly towards electricity ■ A century long trend shifts gear in the 2020s. ■Electrification of transport leads the way: ■ Passenger vehicles. Light road freight. ■Residential energy use trends towards Electricity as a fraction of total final energy 60% 50% >10% points per decade increase 40% 30% full electrification, even for heating. Around 2% points per decade increase for a century ■ Industrial energy use shifts more slowly, 20% >5% points per decade increase but still electrifies over time. Shell plc | March 22, 2023 10% 0% 1980 1990 2000 2010 2020 2030 2040 2050 History Archipelagos Sky 2050 7

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