Oil and gas in a carbon-constrained world: perspectives, challenges, and opportunities

Event Date: 26-27 April 2017

Background

In December 2015, Parties to the UNFCCC agreed on the Paris Agreement and the voluntary commitment by countries to decarbonize the world’s economies through policies and targets laid out in their respective Intended Nationally Determined Contributions (INDCs). The run-up to, and the Paris COP21 itself provided an unprecedented opportunity for non-state action. The private sector engaged in a number of partnerships and initiatives aimed at reducing GHG emissions.

A structured dialogue involving experts would allow for an exchange of ideas on the issue of decarbonization, aimed at increasing the understanding of what decarbonization means for the oil and gas sector as well as other businesses and industries, and discuss decarbonization options, trends, and best practices.

Objectives

UN Environment and IPIECA organized a two-day dialogue involving 20-25 experts from international organizations, companies in the oil and gas industry, financial institutions, utilities, non-governmental organizations, and research institutions, to discuss the implications of the Paris Agreement for the oil and gas sector, and other sectors and industries that rely on fossil fuels for their operations. The workshop was informed by several commissioned papers that provided a basis for thoughtful discussions and exchange of views.

Topics covered include:

  • The Paris Agreement and its implications for industries that supply and use fossil fuels
  • Options for mitigating the carbon emission impact of oil and gas operations along the entire value chain, including the role of new and existing technologies in achieving this goal
  • Financial sector perspectives and views on managing climate-related risks in the industry and its role for triggering low carbon investments
  • Decarbonization perspectives (short/medium term and long term) and options for selected industries such as utilities, aviation, transport, agriculture.

Summary

The workshop summary is accessible here.

Agenda

The detailed agenda is available here.

Reading List

General:

  • IPIECA’s view on the Paris Agreement and low emissions pathways:

          1. Exploring Low Emissions Pathways (2016)  

          2. The Paris Puzzle (2015) 

Session 1:

Session 3:

Session 5

Workshop Documents

1.OBJECTIVES OF THE PARIS AGREEMENT, AND THE ROLE OF TECHNOLOGY IN THE 2°C /1.5°C SCENARIOS

   1.1 The role of technology in enabling a deep energy transition – Dr. Jae Edmonds (Pacific Northwest National Laboratory)

   1.2 The long-term outlook: pathways to net-zero emissions – Noah Kaufman (WRI)

   1.3 Financing new technologies and start-ups – Dr. Francis O’Sullivan (MIT)

2.REDUCING EMISSIONS FROM OIL AND GAS EXTRACTION, TRANSPORTATION, AND USE

   2.1 Global and regional methane reduction initiatives along the entire value chain – Drew Nelson (EDF)

   2.2 The status of carbon capture and storage (CCS) and its potential – John Scowcroft (Global CCS Institute, GCCSI)

3.TRANSPORT: CHALLENGES AND OPPORTUNITIES FOR FUEL EFFICIENCY AND ALTERNATE FUEL TECHNOLOGIES

   3.1 Electric Vehicles and EV Ecosystem – Pascal Malavergne & Bertrand Largy (Renault)

   3.2 Fuel Efficiency – Jean-Françoise Gagné (International Energy Agency)

   3.3 Biofuels in the transport sector – Peter Smith (Cargill)

4.AVIATION CLIMATE DEAL TAKES OFF: WHAT’S NEXT?

   4.1 Can technology deliver low emissions in aviation? – ICAO

   4.2 The industry view and initiatives – Michael Gill (Air Transport Action Group)

5. PERSPECTIVES ON FINANCING AND INVESTING IN THE LOW EMISSIONS TRANSITION

   5.1 Global Trends in Renewable Energy Investment – Silvia Kreibiehl, Derek Campbell (Frankfurt school of Finance & Management)

   5.2 Financing emissions reductions and CCS – Myles Allen (Oxford University)

Attendee List

The list of attendees is available here.

Topics