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Abstract The timely deployment of existing technologies, and new technology innovation, is essential to meet the world's growing energy demand. The pace of technology change will be driven by multiple priorities including development and the eradication of energy poverty, the evolving geography of energy resources and demand, and the need to manage climate change risk. Even with the enormous rewards of technological progress, the pace of major technological change has historically been limited. However change between energy resources (e.g. from wood to coal) and major infrastructures (e.g. from rail to roads) have exhibited transitions of roughly 50 years for each step (inception to global deployment). For technology change to be rapid enough to manage climate risk effectively, may require a pace that is far more rapid than past experience. The creation of policy options to accelerate the pace will be critical. This paper presents findings from a workshop organized by IPIECA to examine issues that drive or inhibit the pace of technology innovation and application for addressing the climate change challenge.
- Asia (0.47)
- South America > Brazil (0.46)
- Energy > Oil & Gas > Upstream (1.00)
- Law > Environmental Law (0.93)
- Energy > Power Industry (0.93)
Carbon capture and storage (CCS) is gathering momentum in the response to rising climate ambition, according to the Global CCS Institute's (GCCSI) Global Status of CCS 2021 report. The report, released on 12 October, said the total capacity of the global CCS project pipeline has increased this year for the fourth year in a row, by almost one-third over the previous year. But is the momentum sufficient to achieve the capacity increase of operational facilities required to satisfy the International Energy Agency's (IEA) 2050 climate goals? Jarad Daniels, CEO of GCCSI, said the dramatic increase in the number of projects in development reinforces the critical role of CCS in reaching global climate goals within the short timeframe required. "CCS is absolutely critical to achieving net zero emissions, and we anticipate growth in the sector to continue as climate ambition is increasingly matched with action," Daniels said in a news release announcing the 2021 report.
- Energy (1.00)
- Government (0.77)
- Law > Environmental Law (0.65)
I am pleased to have this chance to talk to you short-lived coup in the USSR come to mind. But that today. And, for a number of reasons, I am pleased does not shake my belief that having some ideas that I am talking to you here in Argentina. First, about what the future might hold is helpful, even if because Shell has been in this country for many events turn out quite differently. years. In fact, Shell Compañia Argentina de Petróleo I think it is fairly well known that Shell companies (CAPSA) celebrated its 77th birthday in September use scenario planning. These scenarios are not fore- 1991. And second, because less than 20 years ago, my casts, but pictures of possible alternative futures. predecessor at that time may well have thought there They are used to encourage discussion of alternatives would be no such birthday. As you may know, Shell and consideration of the ‘what ifs’ of business deci-CAPSA's commercial activities were nationalized in sions. We believe they improve our view of what the 1974. I am pleased to say that they were denational- world is now, and what it might be in the future. We ized three years later. believe they also help to prepare Shell managers to But Argentina in the 1970s was a very different deal with the unforeseen, the event that is so unlikely country from the Argentina we see today, particu- that people do not think about-until they are in the larly for the oil industry. Until very recently, the oil thick of handling it. sector in Argentina was the most thoroughly regu- Our present global scenarios focus on three areas lated of all the country's market sectors. Now it is where change might be far-reaching-geopolitics; well down the path of deregulation. That is the third international economics; and the environment. reason for my pleasure at being here today. I believe One scenario we term Global Mercantilism. The the success of that deregulation is a tribute to the main feature of this scenario is weakness and instawork of this government and the support of Yaci- bility in the world's economic and political systems. mientos PetrolÍferos Fiscales (YPF). Shell CAPSA, as Countries or regions that are frustrated with internawell as all those involved in the oil sector in this tional failures focus on building a new, more country, is of course delighted to be working in this managed, regional system. There is emphasis on open market. And we should all be pleased to see regional pacts and bilateral agreements between this country taking its place in the world. For these trading blocs. reasons, it seems particularly appropriate that the Although this scenario captures prevailing protec-WPC has chosen Argentina to host this Congress tionist thinking in industrial countries, policy-makers this
- South America > Argentina (1.00)
- Europe (0.90)
The Environmental Defense Fund (EDF) revealed a new "find and fix" virtual-reality (VR) experience, the Methane CH4llenge simulation, which takes users into a digitally simulated wellsite to show the ease and efficiency of controlling key sources of methane emissions, an increasingly important challenge for the oil and gas industry. Methane is a powerful greenhouse gas that is 84 times more potent than carbon dioxide in the first 2 decades after its release. It is also the main ingredient in natural gas and is a saleable product when captured. Methane emissions from human activity are responsible for 25% of the warming our planet is experiencing now. Worldwide, the oil and gas industry is one of the largest sources of these emissions.
Pledges made so far under the 2015 Paris accord would deliver less than a 1% reduction in global greenhouse gas emissions by 2030--a fraction of the 45% cut needed to avert catastrophic climate change, according to a U.N. report published on 26 February. The tally underscored the challenge negotiators face as they try to secure more ambitious commitments from big polluters ahead of a climate conference in Glasgow in November that is seen as the most important since the Paris deal was signed. "While we acknowledge the recent political shift in momentum towards stronger climate action throughout the world, decisions to accelerate and broaden climate action everywhere must be taken now," said UN climate chief Patricia Espinosa. The report aimed to provide governments with a stock take on progress in implementing the Paris deal by the almost 200 countries that adopted it 5 years ago. It found that 75 parties, jointly representing about 30% of the world's greenhouse gas emissions, had submitted new or revised emissions plans by 31 December.
- Law > Environmental Law (0.42)
- Government (0.42)