Net Zero Industry Tracker 2024
Page 118 of 156 · WEF_Net_Zero_Industry_Tracker_2024.pdf
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
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