ESG Dialogue

THE ENERGY SECURITY SCENARIOS THE DESTINATION IS NET-ZERO EMISSIONS, THE QUESTION IS SPEED Global anthropogenic CO2 emissions Energy, Industrial processes and land use, CO2 emissions (Gt per year) ■ Sky 2050 reaches NZE in 2050 (by design), combining energy and land use changes. ■ By 2100, warming is less than 1.5°C in Sky 2050. Archipelagos reaches NZE early in the 22nd century but warming exceeds 2°C. 50 40 40 Shell plc | March 22, 2023 30 20 10 Net emissions to atmosphere О -10 Net drawdown from the atmosphere -20 1980 2000 2020 2040 2060 2080 2100 History - Archipelagos Sky 2050 2.2°C in 2100 1.2°C in 2100 10

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