The Ipieca Principles and the Ipieca-WBCSD SDG Roadmap are key frameworks through which Ipieca aims to inspire action. These member action case studies provide tangible examples of how members are operationalising the principles and embedding SDG Roadmap actions in their businesses, offering inspiration and insights for other companies. Relevant Ipieca good practice guidance and resources are provided to further support companies to take the next step on their sustainability journey.
Reducing energy consumption is the most cost-effective strategy for lowering greenhouse gas (GHG) emissions. According to the International Energy Agency (IEA), enhancing energy efficiency could contribute up to 40% of the emissions reductions needed under the Paris Agreement.
Methane is a short-lived, but potent greenhouse gas, making it an ideal target for climate change mitigation strategies. Methods for reducing methane emissions are technically feasible or achievable at low or no-net costs, making it a key and cost-effective mission in oil and gas companies’ journeys to net-zero emissions.
One of the key technologies that can enable large-scale, cost-effective mitigation of CO2 within the industry and across other sectors is carbon capture and storage (CCS). The oil and gas industry is currently working to develop CCS technologies and projects, as well as to address barriers and explore opportunities to enable its uptake.
Achieving the ambitions of the Paris Agreement will not be possible through electrification of the energy system alone, especially for those countries aiming to reach net-zero emissions by 2050. Because of the close association of hydrogen and fossil fuels, the oil and gas industry has the experience, skills and knowledge to support the emerging hydrogen economy.
Conserving the energy and greenhouse gases (GHGs) used to produce oil and gas can make a major contribution to moving the world onto a more sustainable energy path. Ipieca members are increasingly powering their operations with low-carbon or renewable energy sources, helping reduce GHG emissions from their operations.
Energy is a key driver of sustainable development and is often described as the ‘golden thread’ that links most of the Sustainable Development Goals (SDGs) and the 2030 Agenda pledge to ‘leave no one behind’. Members work to provide access to affordable, reliable, sustainable and modern energy, which is essential for economic growth, employment, education, poverty reduction, and health and safety.
Natural climate solutions can have a positive impact on mitigating climate change while also providing additional benefits, including economic growth and diversification, improvement of human health and livelihood and protection of biodiversity and water resources. Members are working with local communities and conservation organisations to protect and restore high carbon stock ecosystems, such as wetlands and mangroves.