London 18th May 2021. Today, the International Energy Agency (IEA) has published their Net zero Roadmap. It calls for the joining of efforts to achieve the goals of the Paris Agreement, and identifies technology, innovation, policy and behaviour change as key enablers to reach the goal of decarbonization. “Meeting global energy demand while achieving decarbonization is a priority for industry and society and requires everyone’s commitment” said Iman Hill, IOGP Executive Director. “To get there, oil and gas will continue to play a key role in the energy mix. Without further investments in new oil and gas fields, the world would require massive deployment of other energy sources and efficiencies as well as huge investments in research and in new technologies, ramped up at a pace we haven’t seen yet, as acknowledged in the IEA’s Net zero roadmap. We all share the same goal and are committed to innovating in areas such as electrification, flaring and venting, carbon capture and storage, energy efficiency and methane emissions detection, quantification and reporting. The oil and gas industry has the experience, skills and resources necessary to help find a balanced way forward, one which benefits society as a whole.”
The International Association of Oil & Gas Producers (IOGP) is the voice of the global upstream industry. Our Members produce about 40% of the world’s oil and gas. They operate in all producing regions: The Americas, Africa, Europe, the Middle East, the Caspian, Asia and Australia. We serve industry regulators as a global partner for improving safety, environmental and social performance. We also act as a uniquely upstream forum in which our members identify and share knowledge and good practices to achieve improvements in health, safety, the environment, security and social responsibility.
Ritva Westendorf-Lahouse, Communications Director, IOGP
M: +44 (0)7823962328
Danny Walsh, Global Media & Communications Manager, IOGP
M: +44 (0)7734 488 672