Transition of the Energy Industry to (Net)-Zero Emissions

Publisher:
Springer Nature
Publication Type:
Chapter
Citation:
Achieving the Paris Climate Agreement Goals, 2022, pp. 247-270
Issue Date:
2022
Full metadata record
AbstractThe status quo in the global oil, gas, and coal industries in terms of their economic value, geographic distribution, and company structures is given. The current fossil fuel production volumes and decline rates required under 1.5 °C-compatible pathways for coal, oil, and natural gas are discussed. The assumptions made when calculating scope 1 and 2 emissions and current and future energy intensities are defined. The role of power and gas utilities under the OECM 1.5 °C scenario is discussed, together with the projected trajectories for renewable power- and heat-generating plants and those for hydrogen and synthetic fuel. Future structures of the global primary and secondary energy industries are suggested.
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