Majors weigh in on the energy transition

Source: press releases, 8 November 2019

Publications released this week by Total and Eni highlight the ongoing energy transition and renewable energy sector. Both publications focus on lower carbon energy sources, in particular the use of natural gas rather than coal – as well as on the growth of renewable energy sources.

World Review
Eni’s World Gas and Renewables Review, the second volume of its 18th edition of the World Oil, Gas and Renewables Review of annual statistics offers an impressive amount of data.

Claudio Descalzi, Eni’s Chief Executive Officer and General Manager, writes in the introduction:

“Providing sustainable access to energy for all will be crucial in this challenge. Natural gas and renewables are progressively assuming greater roles in the energy transition to a less carbon-intensive energy system: knowing their trends is nowadays fundamental to understand this evolution.”

Focusing first on natural gas, Eni’s review shows that global gas demand in 2018 has remained strong, and gas production has accelerated.

Eni’s review specifically looks at the renewables’ numbers for solar photovoltaic, concentrated solar power, wind and biofuels.

On the renewables side, by the end of 2018, generation capacity from combined solar and wind made up approximately 40% of the renewables total – and roughly 15% of the total of all power sources.

Visit the Eni website for additional details and to download a copy of the World Gas and Renewables Review.

Climate Report
Total’s fourth climate-focused report – Integrating Climate Into Our Strategy – outlines the company’s initiatives working in energy transition and the renewables sector.

In the report’s foreword, Patrick Pouyanné, Total’s Chairman and Chief Executive Officer, emphasises the need to reduce dependency on coal for energy production:

“Changes in the global energy mix since the start of the century have, in fact, hindered emissions reduction. While production of natural gas – the fossil fuel that generates the least greenhouse gases in power generation – has risen by more than 2% a year, the benefits have been largely offset by increased production of coal, which emits more greenhouse gases than any other fossil fuel and has seen growth of nearly 3% annually since 2000.”

“Steady growth in renewable energies, meanwhile, has not been enough to absorb the increase in energy demand worldwide (about 2% a year). As a result, fossil fuels continue to make up 81% of the global energy mix, unchanged from three decades ago.”

Among the topics in the report is carbon pricing, which Total feels will encourage energy efficiency and support low-carbon technologies.

Moreover, Total discusses its role in policies, initiatives and technologies to promote renewable energy, including the development of sustainable biofuels.

Find out more about, and download, the Integrating Climate Into Our Strategy report at Total’s website.