Convening industry networks for climate change solutions

EnergyCC convenes already existing industry organisations in the oil & gas industry (e.g. Oil & Gas Council, the Energy Institute UK), the mining industry (e.g. ICMM), renewables companies, finance and investor groups (e.g. IFC) whose member companies are working on climate change. The aim is to share practical examples and policy frameworks, encourage collaborative joined-up industry projects to scale up action to support the COP21 Paris Agreement and to create new jobs for societies

Working together for COP21, EnergyCC catalyses the energy industry and investors to significantly scale up action:

  • Address climate change risks on assets and supply chains, including ways to mitigate those (climate change adaptation)
  • Optimise energy efficiency and reduce emissions of large industry assets - mining, petrochemicals, E&P, power, renewables, with participation of both the financial and insurance sectors
  • Seek multipliers for smaller renewable energy projects already under implementation/on sale to majors as is done in the mining industry with junior explorers
  • Enhance and accelerate learning through sharing of practical examples identified by the respective networks of best/failed practices across industries (‘warts and all’). Build on the respective strengths of each of the energy industries
    • The O&G, mining industries operate billion dollar projects, have deep engineering expertise
    • Renewables have technologies but are not operating at the scale needed to meet COP 21 targets
    • Investors have funds but say proposed projects are not ‘large enough’ or ‘shovel ready’.
  • This cross-sector industry learning platform creates new business opportunities with these benefits: jobs, risk mitigation, asset optimisation, Joint Industry Projects (JIPs), supporting regulatory frameworks for new investments
  • Starts in Singapore (focusing on SEA & AU) with the aim to grow this model globally

“We need to scale up industry action on the Paris Agreement (COP21). I strongly support EnergyCC’s efforts to link up already existing industry organisations with investors. This will speed up learning across industries by sharing practical examples and policy frameworks. EnergyCC is an important enabler in replicating and scaling up joint industry projects to support the Paris Agreement.”

– Sir Mark Moody-Stuart

Quick Facts

Estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion cubic meters (bcm), equivalent to the total annual gas consumption of Sub-Saharan Africa. The 3% rise, from 145 billion cubic meters (bcm) in 2018 to 150 bcm in 2019, was mainly due to increases in three countries: the United States (up by 23%), Venezuela (up by 16%), and Russia (up by 9%).

Global Gas Flaring Jumps to Levels Last Seen in 2009, The World Bank, GGFR, August 2020

A study comparing the relative climate impact of gas-fired power versus coal-fired power as a function of methane emissions concludes that natural gas is only better for the climate, if total methane emissions along the gas supply chain are less than 3.2%. IEA methane release data indicates that in 2019, 3.8% of produced natural gas was lost due to venting or leaks,

IEA, PNAS on methane emissions, July 2020

DNV GL's global energy transition outlook 2019 forecasts that by 2025 energy related emissions will peak and in 2030 energy demand will plateau due to efficiencies from pervasive electrification; in 2050, fossil fuel supply is half of total energy demand, with share of natural gas share rising to 29%. While 1.5 oC carbon budget is exhausted in 2028, global climate change will see ~2.4 oC temperature rise by the end of the century, unless the reduced share of GDP spent on energy is used to significantly reduce net emissions further. 

DNV GL - Energy Transition Outlook 2019, September 2019

Deployment of Carbon Capture and Sequestration (CCS) will not be optional in implementing the Paris Agreement, but the current rate of progress is falling short of what is required to achieve climate goals

Speeding up Carbon Capture and Storage needed to meet climate goals, International Energy Agency, November 2016

About 100 companies have been responsible for about 71% of the world's greenhouse gas emissions since 1988

CDP, September 2017

Imports of liquefied natural gas (LNG) will set a new record in 2017 on the back of a robust 8.8% growth – the fastest since 2011 

LNG Trade in 2017 to Grow Fastest Since 2011 on Low Prices, Lack of Nuclear Power and Rising Supply Capacity, Bloomberg New Energy Finance, September 2017

The shale boom has helped natural gas eclipse coal in America’s power mix in 2016 and it is the only fuel apart from renewables where output is rising

The Energy Market’s Facts Of Life, Bloomberg New Energy Finance, August 2017

At the end of 2016, more than 24% of global electricity was produced by renewables, with capacity rising 10% at much lower cost in 2016

‘Spectacular’ drop in renewable energy costs leads to record global boost, The Guardian, June 2017

Global fossil fuel subsidies, although declined from US$500 bln in 2014 to US$325 bln in 2015 are still more than twice the subsidies for renewables (US$150 bln)

World Energy Outlook 2016 - Executive Summary, International Energy Agency, November 2016

A 2015 study found that air pollution in China is responsible for more than 4,000 deaths per day

Rohde Robert A., and Richard A Muller: Air Pollution in China, Mapping of Concentrations and Sources. PLoS ONE Vol 10, No 8, August 2015

In 2015, advanced energy employs 2.7 million workers in the US, nearly twice as many jobs as building construction, significantly more than agriculture and mining, and equal to supermarkets and grocery stores

Advanced Energy Perspectives, May 2016

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Convening industry networks for climate change solutions