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Meeting Decarbonisation Targets During Energy Transition

Energy transition is seeing a rapid acceleration away from fossil fuels and towards sustainable energy sources. As a result, the energy sector is facing increased scrutiny to meet decarbonisation targets as well as rising demand.

The growing skepticism of shareholders and investors is another force behind the energy sector’s need to decarbonise. The risk of assets becoming stranded is of huge concern to shareholders, while investors are becoming increasingly attuned to the demand for sustainable energy, like biofuels and green hydrogen.

Key fact: Directly and indirectly, the energy sector accounts for around 42% of global emissions

In addition to the deployment of low-carbon technologies and an uptake of electricity generated from renewable sources, energy companies can also use CCS (Carbon Capture and Sequestration programs) in their decarbonisation strategies.

CCS is the process of capturing CO2 and trapping it underground before it can get released into the atmosphere. Because this technology can be deployed on a large scale, it plays a crucial role in achieving global net-zero targets. CCS also holds several benefits for energy companies: it allows them to monetise reserves while meeting decarbonisation targets, thus increasing their resilience and competitiveness.

Benefits

  • Reduces emissions

  • Provides returns to shareholders

  • Future-proofs operations


Learn more insights by browsing our resource centre and learn more about digital trends shaping operator responses to the coming hydrocarbon boom and energy transition in the Innovation Forecast in Energy.

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