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.
