Reducing carbon dioxide emissions

Sustainably reducing carbon dioxide emissions is the world’s greatest climate challenge – and is at the heart of the transformation of the energy system that OGCI aims to accelerate.

What OGCI is doing

OGCI aims to accelerate the reduction of member companies’ operational emissions and works with a wide range of stakeholders in industry, transport and buildings to accelerate decarbonization solutions.

OGCI’s upstream carbon intensity target

Our target in detail
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    Includes CO2 and
    methane emissions

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    Covers operated upstream
    oil and gas assets

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    Practical near-term step

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    Reported and independently reviewed annually

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    Consistent with support for Paris goals

carbon intensity targets 2021
How we reduce carbon emissions
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    Improve energy efficiency

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    Co-generate electricity and useful heat

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    Zero routine flaring

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    Electrify operations with renewables where possible

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    Near zero methane emissions

OGCI member companies aim to reduce the average carbon intensity of their upstream oil and gas operations from 23 kg of greenhouse gases per barrel of oil equivalent in 2017 to 17 kg by 2025. In 2020, they reached 19.5 kg, an improvement of 14% over the 2017 baseline.

OGCI’s upstream carbon intensity target

Our target in detail
  • null

    Includes CO2 and methane emissions

  • null

    Covers operated upstream oil and gas assets

  • null

    Practical near-term step

  • null

    Reported and independently reviewed annually

  • null

    Consistent with support for Paris goals

How we reduce carbon emissions
  • null

    Improve energy efficiency

  • null

    Co-generate electricity and useful heat

  • null

    Zero routine flaring

  • null

    Electrify operations with renewables where possible

  • null

    Near zero methane emissions

What OGCI member companies are doing to reduce carbon intensity

Member companies are focusing on flaring reduction, efficiency improvements, electrification and the integration of renewables in their operations.

What Climate Investments is doing to reduce carbon intensity

We invest in solutions that improve energy efficiency in transport, buildings and industry.

Boston Metal

Boston Metal has developed a modular, electrochemical  manufacturing process for high-value ferroalloys, and  ultimately, for steel. The objective of the company is to cost-competitively produce emissions-free steel.

Norsepower

Norsepower designs and manufactures mechanical rotor sails that provide auxiliary propulsion power for large ships, reducing their fuel consumption and associated emissions. The offering combines a Flettner rotor with machine learning, resulting in a fully autonomous device that is easily installed and operated.

XL Fleet Electrification

XL provides hybrid and plug-in hybrid vehicle solutions that bring the advantages of hybrid vehicle performance to medium and heavy-duty commercial vehicles. The solution is a minimally invasive upgrade that can be ordered on new units or installed on existing fleets.

Achates Power

Achates Power is developing high fuel-efficiency, opposed-piston engines that aim to significantly reduce carbon dioxide, particulate, and nitrogen oxide emissions.

METRON

METRON is a French cleantech company that uses AI technology to increase energy efficiency and productivity for industrial facilities while also delivering substantial cost savings.

75F

75F provides a joint hardware and software product to  manage the energy consumption of heating, ventilation, and air conditioning (HVAC) systems and lighting in commercial buildings. The low-cost solution can be  installed quickly in new and existing buildings of any size. The solution is driven by machine learning algorithms to optimize HVAC and lighting.

OnTruck

Ontruck is a digital road freight platform connecting carriers and shippers more efficiently. Ontruck removes carbon emissions generated from empty trucks, enabling a more sustainable future of transportation.