Oil and Gas Industry
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Addressing methane and flaring emissions remain the key priority for the industry, but achieving net zero needs increased use of electrification and CCUS across the value chain.
Stated energy transition goals
- To align with net-zero ambitions, the industry aims for a 50% emissions intensity reduction by 2030 and 80% reduction by 2050.442
- 93% of large publicly traded oil and gas companies consider climate change in their decision-making processes.443
Emission focus areas for tracker
Oil and gas emissions can be divided into two main categories:
1. Energy-related emissions primarily due to energy consumption across the value chain.
2. Process emissions stem mainly from vented and fugitive methane emissions, gas flaring, transportation of crude oil, oil products and natural gas over long distances, and process emissions from refining.
世界经济论坛发布的文章，可依据《知识共享署名-非商业性使用-禁止演绎4.0国际公共许可协议》以及我方《使用条款》进行转载。 本文所表达的观点仅代表作者个人立场，并不代表世界经济论坛的观点。