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- Bjørn Otto Sverdrup
At COP26, 105 countries pledged to reduce their methane emissions by 30% relative to emissions in 2020. Those pledges must be underpinned by actionable industry commitments on how to curb methane emissions. Can oil and gas companies translate these national commitments into operational milestones and reductions? What technology and infrastructure developments are critical to make these reductions viable?
In its report “Net Zero by 2050: A Roadmap for the Global Energy Sector,” IEA stated that getting to net-zero by 2050 will require “nothing short of a total transformation of the energy system that underpins our economies.” The report also observed that “the pathway is narrow but achievable.” At the same time, global GHG concentrations continue to increase and annual emissions are rising again after the pandemic-induced drop in 2020. Achieving net -zero by OECD countries and by major companies is necessary but not sufficient. Any roadmap to net-zero must travel via developing economies. Much of the progress to date has been in decarbonizing power sector, but only about one quarter of global greenhouse gas emissions are from electricity. In this conversation, the panelists will explore economic, technological, financial, and policy actions necessary within this decade to start bending the emission curve with emission reductions across all sectors globally.