How Ipieca supports the UNFCCC and the Paris Agreement

The Ipieca Principles

The Ipieca Principles outline a shared ambition in support of Ipieca’s vision. They set a sustainability framework and reinforce Ipieca’s role to inspire action and lead the global oil, gas and alternative energy industry through a sustainable energy transition.

The first principle under each theme provides support for a United Nations convention or initiative. The second principle under each theme is operational.

The first two of the eight Ipieca Principles are:

1. Support the Paris Agreement and its aims
2. Advance emissions reduction and innovation and enable adoption of low-carbon products and solutions across oil, gas and/or alternative energy

Ipieca works to address climate change

The Ipieca Climate Change Group was established in 1988. Since then, Ipieca has developed and shared good practice guidance and tools to reduce greenhouse gas (GHG) emissions, enhance energy efficiency, report on climate related risks and opportunities, and support the sustainable scale up of energy transition solutions.

Good practice guidance and resources to drive a just transition

Ipieca develops and shares practical guidance to reduce GHG emissions across the production, refining and transportation of oil and gas, supporting the industry to be part of a net-zero future by producing the energy the world needs responsibly and with less emissions.

Our resources and capacity building cover the following topics:

• Reducing operational emissions
• Energy efficiency
• Raising awareness and support for lower emissions pathways and solutions initiatives
• Climate data and reporting
• Cleaner fuels and products
• Net-zero emissions

Click here to explore Ipieca’s climate-related guidance and resources

Ipieca member action

Ipieca members support the Paris Agreement’s aims and the journey to a net-zero future by pursuing efforts to limit the temperature increase to well below 2 °C above pre-industrial levels, and pursuing efforts to limit it to 1.5 °C.

They are reducing GHG emissions from their operations through enhancing energy efficiency, flare reduction and managing methane emissions, as well as increasingly powering their operations with low-carbon or renewable energy sources. They are also helping their consumers reduce their emissions through the increased use of gas, enhanced efficiencies in engine-fuel systems, and developing low-carbon mobility technologies.

Because of its infrastructure, expertise, capacity for innovation and ability to attract investment in large-scale projects, the oil and gas industry has an important role to play in the transition to net-zero emissions. Ipieca members are already involved in carbon capture and storage, hydrogen, biofuels, wind and solar, with significant capital investment commitments to grow their low-carbon businesses.