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'Exploring low-emissions pathways' event at COP-22

IPIECA launched its new paper Exploring low-emissions pathways during a side event at COP-22 in Marrakech, Morocco. The side-event brought together experts from the oil and gas industry, UN Environment, and other stakeholders to consider the key elements and enablers of low-emissions pathways. IPIECA shared its view, with the highlights from its new paper, including what we see as the three common elements of any transition, along with the critical enablers.

IPIECA presented on the current energy system, the significant transformation that will be required to meet the global energy demand whilst addressing climate change and the possible pathways and technologies to achieve this. The panellists then shared their views on:

  • what is needed from national low-emissions development strategies (Manfredi Caltagirone, UNEP);
  • the role of gas and carbon markets (Renato De Filippo, Eni), and
  • the role of technology and Carbon Capture and Storage (CCS) in a low-emissions future (Fareed Al-Asaly, Saudi Aramco).

Moderator David Hone (Shell) led the panel discussion which touched on support for carbon pricing, Saudi Aramco’s work on mobile (light-duty vehicle) CCS, and the need for better methane emissions management. The audience also quizzed the panellists around the future of oil and gas refineries and biofuels, the speed with which a transition might occur, and what might be needed to influence nations to invest and deploy CCS technologies.

The 22nd Conference of the Parties, focused on actions to delivering the technical details which are needed to flesh out the Paris Agreement. Key areas of negotiation include the transparency framework for national commitments, mitigation and adaptation measures, the nature of new market mechanisms (if any), and the details around a global stocktake in 2018. This stocktake is set to inform Parties understanding of the science, achievements of peers, and opportunities to go further, in order for them to consider increasing ambition ahead of the entry into force of the first commitment period in 2020.