WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 79
Which net zero
pathway are we on?
NEXT
ARTICLE
HOME
PREVIOUS
ARTICLE
Our Convictions
The rate and pace of our current low-carbon
energy e昀昀orts has improved but is not nearly
enough to meet targets. Future growth must be
on an exponential scale.
•
While it’s clear that oil and gas will continue
to play an essential role in our global energy
ecosystem for many decades to come, we must
accelerate the ways in which we o昀昀set its impact.
•
Negative carbon technologies must be a
substantial part of the equation. Carbon capture,
utilization and storage (CCUS) is one example
where technology advances are needed to modularize,
improve a昀昀ordability, and ultimately scale globally.
We must move from capturing 0.4 GT/yr today to over
3.3 GT/yr by 2050 and will need to develop additional
technologies to achieve this.
•
Changing consumer behavior on a global scale is
imperative and will only happen with market-based
solutions.
•
We must focus both on mitigation actions and how we
adapt to the inevitable.
WEMO 2024
•
79
04
