Climate change challenges and the rise of renewable energy sources are increasing the social and environmental pressure on oil companies to re-position themselves in the societies in which they operate. They have been doing this in a variety of different ways.

Firstly, some oil companies have continued with business as usual and are strengthening their current strategies of oil extraction to maximise profits. Secondly, other oil companies have switched to low carbon sources, such as natural gas, blue hydrogen and biofuels.

International Oil Companies and the Energy Transition | Devamı>>>

Eliminating CO2 emissions from industry and transport in line with the 1.5⁰C climate goal

To avoid catastrophic climate change, the world needs to reach zero carbon dioxide (CO2) emissions in all all sectors of the economy by the 2050’s. Effective energy decarbonisation presents a major challenge, especially in key industry and transport sectors.

The International Renewable Energy Agency (IRENA) has produced a comprehensive study of deep decarbonisation options, focused on reaching zero into time to fulfil the Paris Agreement and hold the line on rising global temperatures.

Reaching Zero with Renewables Energy | Devamı>>>