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Oil and Gas Climate Initiative

Net zero solutions

Achieving the deep emission cuts needed to reach net zero requires a transformation in the way energy is produced and consumed. That calls for many different solutions and low-carbon technologies. There is no single solution. 

OGCI focuses on building and strengthening the foundations to enable this transition to happen as smoothly and quickly as possible. We:  

  • Provide practical, actionable analysis underpinned by data to help decarbonize oil and gas operations.
  • Find solutions to decarbonize transport, leveraging our members’ extensive expertise producing and supplying reliable transport fuels.
  • Work on the important role that natural climate solutions could play to complement decarbonization of the energy sector.
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Decarbonizing oil and gas

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Decarbonizing transport

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Natural climate solutions

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Roadmap to decarbonize refining

OGCI reports shows:

  • Decarbonizing the refinery sector will be important to reaching net zero

  • Electrification can reduce over 65% of refinery CO2 emissions by 2040 if there is sufficient low-carbon power available

  • Electric boilers and electric drives for condensing turbines are the first priority

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Shipping containers moving forwards

How the shipping sector can cut CO2

Pathways:

  • Early pursuit of zero carbon fuels for new ships
  • Moderate uptake of interim and drop in fuels
  • Maximize decarbonization with carbon capture and alternative fuels 

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Net Zero Solutions at a glance

Our impact

Oil and gas operations

of global GHG emissions
0 %

Transport sector

of transport sector CO2
0 %

Natural climate solutions

of CO2 reductions needed
0 %
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Net zero solutions

Related resources

The Road Ahead for Hydrogen Powered Mobility

March 20, 2025

With transportation a major source of global CO₂ emissions, the report highlights how scaling hydrogen adoption through infrastructure expansion, regulatory updates and industry collaboration would help enable decarbonization of the sector. While hydrogen is a promising solution for hard-to-electrify sectors like heavy-duty transport, its success depends on significant investment in distribution networks, alongside clear policies and safety frameworks.

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Biomass for Marine 2025

March 13, 2025

The study aims to inform the industry’s ongoing efforts to meet the International Maritime Organization’s (IMO) target to achieve net-zero greenhouse gas emissions by 2050.

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Shipping containers moving forwards

Net Zero 2050: Energy Demand Dynamics across the Transportation Sector

November 25, 2024

A new study from OGCI and FEV Consulting looks at pathways to enable a transition to sustainable, low-carbon transportation across key regions.

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The Oil and Gas Climate Initiative is a CEO-led organization bringing together 12 of the largest oil and gas companies worldwide to lead the industry’s response to climate change.

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