Oil and natural gas supply

Fossil Fuels

Latest findings

Oil and gas operations account for nearly 15% of energy-related greenhouse gas emissions today and the industry has the ability and resources to cut them quickly and cost effectively

Tackling methane emissions is the single most important measure that contributes to the overall fall in emissions from oil and gas operations, followed by eliminating flaring and electrification. Scaling up CCUS and expanding the use of low-emissions hydrogen play complementary roles but have significant potential for positive spillovers into other aspects of energy transitions, by accelerating deployment and technology learning for these technologies.

Emissions reductions in the Net Zero Scenario, 2030

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Total energy supply from fossil fuels, 2023-2025

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Electricity generation from fossil fuels, 2023-2025

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CO2 emissions from fossil fuels, 2023-2025

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