As the world moves towards a low-carbon economy in line with the energy transition, alternative energy technology, such as wind, solar, hydroelectric, biofuels, nuclear and tidal, is becoming an ever more important part of the energy mix. Over the last few decades, oil and gas companies have been increasingly using, investing in and producing energy through alternative technologies.
IPIECA has released Environmental and social good practice for the energy transition: A compendium of IPIECA good practices, which highlights IPIECA guidance and tools which can help alternative energy developers advance the environmental and social performance of their projects and operations.
The compendium provides an overview of each IPIECA guidance document which has cross-sector applicability, detailing which alternative energy technologies will benefit most from its use depending on a number of factors including physical footprint, timescales and locations.
The compendium is intended for the use of IPIECA members and beyond. It communicates to external stakeholders and other associations, the potential of the oil and gas industry to contribute useful practices and learnings for the alternative energy sector.