Net Zero Industry Tracker 2024 Oil and Gas

Page 7 of 15 · WEF_Net_Zero_Industry_Tracker_2024_Oil_and_Gas.pdf

TechnologyOIL AND GAS Technologies to implement the decarbonization levers are at different readiness levels. Four pathways have emerged: methane abatement and zero-gas flaring, electrification, CCUS and clean hydrogen. Decarbonization TRLs FIGURE 67 Small prototype 1235679101 1 Large prototypeDemonstrationEarly adoptionMature Concept48 Downstream CCUSUpstream CCUS HydrogenDownstream electriﬁcationFugitive methane capture technologies (available) Zero ﬂaring technologies (available) Upstream electriﬁcation (available) Increase in TRL vs. 2023 Net-Zero Industry Tracker: 2024 Edition 7

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