Carbon Emissions Impact Services
How can we secure an energy supply for the future and at the same time reduce overall emissions? We believe there is no single answer to that crucial question, but rather a number of separate, complementary measures to be used in combination.
In 2010, fossil fuels — natural gas, oil and coal — accounted for around 81% of the world`s energy supply. There share is expected to be around 74% still in 2035.
At the same time, the International Energy Agency estimates that demand for fossil fuels could grow by nearly a third, given population growth and the rise in the average living standards.
Fossil fuels are responsible for nearly 60% of global greenhouse gas emissions generated each year by human activity. More than half of that amount — or around one-third of total greenhouse gas emissions — stems from oil and gas; the remainder comes from coal.
The consensus in the scientific community, especially the Intergovernmental Panel on Climate Change (IPCC), is that greenhouse gas emissions have an impact on climate and that an international effort is necessary to keep the resultant temperature increase to 2°C to 2100.
The oil and gas industry has a direct stake in the problem and possible solutions for curbing global emissions related to:
- Production and refining and marketing facilities, which account for an average 15% of all hydrocarbon-related carbon dioxide equivalent emissions.
- The use of petroleum products as heating or automotive fuel by customers, accounting for an average 85% of all hydrocarbon-related carbon dioxide equivalent emissions.