Net Zero Industry Tracker 2024 Oil and Gas

Oil and gas industry net-zero tracker11 To reduce emissions, fugitive methane capture, zero flaring technologies, and upstream electrification are effective in the short term. Long-term solutions include CCUS, downstream electrification and clean hydrogen. –Reductions in methane and flaring emissions and an increase in renewable sourcing have led to a decrease in emission intensity in the sector. –While progress is being made in developing CCUS, clean power and hydrogen technologies, increased investment is needed to scale them effectively. 6%2.9% Decrease in absolute CO2 emissions (2021-2022)Decrease in demand (2022-2023) Net-Zero Industry Tracker: 2024 Edition 1