IMPROVING THE CARBON INTENSITY OF OUR ENERGY MIX

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1 Home Our commitment Responding to Env ironmental Challenges Integrating climate into our strategy Improv ing the carbon intensity of our energy mix IMPROVING THE CARBON INTENSITY OF OUR ENERGY MIX Our Climate Report Download To combat climate change without curbing economic and social development, the carbon intensity of the fossil fuel mix must be reduced. At Total, this is one of the three key focuses of our climate strategy. As an energy source that produces less carbon emissions than other fossil fuels, natural gas is one of the keys to the energy transition. Why it matters See our main Watch climate this commitments video to see what and improvement Total Chairman indicators and CEO in Patrick this interactive Pouyanné infographic has to say 1 of 5 07/10/ :03

2 2 of 5 07/10/ :03 To limit the scale of global warming, temperatures must be prevented from rising by more than 2 C above pre-industrial levels by The principal cause of climate change is the release of greenhouse gases, coming partly from the burning of fossil fuels (coal, oil and gas). Under the 2 C scenario set out by the International Energy Agency (IEA), oil and gas will continue to cover about half of energy needs worldwide by In order to meet the demand for energy while combating climate change, the share of coal in the fossil fuel 1 mix must be reduced. As the world s fourth largest oil and gas company, we have a responsibility to be part of the effort to take on this dual challenge. That is why we have set ourselves the goal of becoming the leader of responsible oil and gas by reducing the carbon intensity of our own fossil fuel mix to a minimum. Steps to promote natural gas and increase its share in our output will spearhead this strategy. 1 The term energy mix refers to how final energy consumption breaks down by primary energy source. DEVELOPING AN ASSERTIVE STRATEGY IN GAS Together, We Can Reduce Emissions We are a member of the Climate and Clean Air Coalition Find out more 60% Share of natural gas in our hydrocarbon mix by 2035 Not only is natural gas an easily accessible and abundant energy source offering a perfect fit with renewables, but it is also far and away the least polluting fossil fuel. When used to generate power, it releases almost half as much CO 2 as coal. It is for this reason that we ceased all coal production in August We are the global benchmark in natural gas, operating along the entire natural gas chain on five continents. Over the past ten years, we have doubled our production of natural gas and continue to invest heavily in this area. Today, we are also among the world leader in liquefied natural gas (LNG) and aim to double our production capacity by To maintain the advantage that gas offers over coal, however, methane emissions must be limited, as methane s global warming potential is much higher than that of CO 2. We are continuing our efforts to reduce our methane emissions from the production and transportation of gas, which represent today less than 0.5% of our marketed operated production. We are also firmly committed to our partnership with the Climate and Clean Air Coalition, an association supported by the United Nations that aims to improve methane emission measurement and reduction methods across the industry. Sustainable Performance Our climate indicators on a dedicated website Find out more SPEEDING UP DEVELOPMENT OF CARBON

3 3 of 5 07/10/ :03 CAPTURE AND STORAGE TECHNOLOGIES Another way to limit CO 2 emissions in the atmosphere involves capturing the CO 2 at the source and storing it underground or valorizing it. This technology is called carbon capture, utilization and storage (CCUS). 10% We are involved in a collective effort to evaluate the real potential of this technology in the fight against climate change and make it effective, safe and feasible on a large scale. A pioneer in this area, we invested heavily in the Lacq Pilot Project and contribute to other initiatives elsewhere in the world, in particular in Norway. of our R&D budget will be allocated to carbon capture, utilization and storage (CCUS) technologies Read also Carbon capture and storage: a Climate change answer ENCOURAGING GLOBAL INITIATIVES

4 4 of 5 07/10/ :03 A collective response is needed to meet the challenges of the 2 C scenario. Implementing carbon pricing, eliminating routine flaring and managing methane emissions will require public and private sector participation. To speed up progress, Total is actively involved in these areas, through international organizations and initiatives. Oil & Gas Climate Initiative + Business Leadership Criteria on Carbon Pricing + Paying for Carbon + World Bank Carbon Pricing Leadership Coalition + Zero Routine Flaring by Climate and Clean Air Coalition + Advocating for carbon pricing Clear economic signals over the medium to long term are vital to reduce greenhouse gas emissions. Since 2008, we have encouraged the development of carbon pricing mechanisms in the major economic regions. A price of between USD 30 and USD 40 per metric ton of CO would be enough to: Promote the switch from coal to gas. Steer investment toward the technologies required to reduce emissions, such as carbon capture, utilization and storage. 2 ALSO ON TOTAL.COM

5 5 of 5 07/10/ :03 All You Need to Know about Gas LNG: Total is investing in an energy of tomorrow Developing renewable energies Improving our energy efficiency to reduce our impact Protecting our local environment Follow us