TOTALENERGIES SE: In view of the COP26, TotalEnergies Contributes to the Energy Transition Dialogue by Publishing the "Energy Landscape" and the "TotalEnergies Energy Outlook 2021"
27 Septembre 2021 - 2:33PM
UK Regulatory
TIDMTTE
In view of the forthcoming COP26, multi-energy company
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) contributes to the
Energy Transition discussion with two new documents aiming to
provide a better understanding of the global energy system: the
"Energy Landscape" and the "TotalEnergies Energy Outlook 2021"
(available in English here and in French here).
Energy Landscape
The "Energy Landscape", written in collaboration with Capgemini
and energy expert Colette Lewiner, aims to provide an overview of
the worldwide energy system as of 2021, to enlighten the ongoing
energy transition. It provides facts-based information on energy
supply and demand and on how to compare energies in an informed
way. It also presents the technological progresses that have
already been made and those still to come.
This document equally provides insights into the climate
challenges and the progress needed to ensure a supply of energy
that is affordable, reliable, and as carbon-free as possible to
limit global warming, a challenge that concerns us all.
TotalEnergies Energy Outlook 2021
Published for a third consecutive year, the TotalEnergies Energy
Outlook 2021 reexamines the two core scenarios -- Momentum and
Rupture -- elaborated by TotalEnergies in order to achieve the
energy transition by 2050, taking into consideration the current
market and societal trends. It also integrates Net Zero pledges
unveiled by several countries since the presentation of last year's
Energy Outlook.
-- Similar to last year, TotalEnergies' Momentum scenario is a
forward-looking approach based on existing decarbonization strategies of
net-zero pledged countries, as well as announced targets and NDCs
(Nationally Determined Contributions) of other countries. Unlike last
year, Momentum incorporates new net-zero-by-2050 pledges of major
economies like the US, Japan and South Korea, as well as a more stringent
policy framework for the EU and China's net-zero-by-2060 ambitions. This
scenario enables to temperatures' rise to be limited at around 2,2 --
2,4deg C compared to pre-industrial levels.
-- TotalEnergies' Rupture is a scenario built to reach the objectives of the
Paris Agreement by 2050, with temperatures' rise well-below 2degC vs
pre-industrial levels. It involves large-scale cleantech advancements,
higher penetration of new energy carriers and the engagement and actions
from all countries to move towards net zero by the middle of the century.
"Energy transition is a global debate and there is consequently
a necessity for society as a whole to participate," declared
Patrick Pouyanné, Chairman and CEO of TotalEnergies. "With these
two documents, in line with our strategy to build a multi-energy
company with an ambition to get to Net Zero by 2050 and our wish to
put the sustainable development goals at the core of our strategy,
TotalEnergies intends to share its understanding of the world of
energies, in order to contribute to the decisions that will have to
be taken to tackle climate change."
Helle Kristoffersen, President Strategy & Sustainability and
member of the Executive Committee, presents these two documents
today as an introduction to the Investors Days. This webcast will
be streamed live and available for replay at the following address:
https://totalenergies.com/investors/results-investor-presentations/investor-presentations
Below are some of the main assumptions and conclusions from the TotalEnergies
Energy Outlook 2021: Energy efficiency is a key lever shared by all countries
and one of a low-hanging fruit. The Momentum scenario takes into account an
ambitious path in that matter, similar to the 2020 outlook. Energy demand
grows in Momentum and Rupture, along with the growth of both world population
and global economic development. In the meantime, emissions are down in both
scenarios, particularly in Momentum, compared to the 2020 outlook with new
energy carriers such as electricity in transportation and hydrogen allowing
for deeper decarbonization of all sectors. The ban on single-use plastics from
2040 has been taken into account, in 'Net Zero 2050 Countries' in Momentum,
and worldwide in Rupture. The ban on sales of new internal combustion vehicles
from 2035 has also been applied to Net Zero 2050 Countries in Momentum. This
hypothesis has for consequence a massive electrification of light vehicles and
an increased penetration of hydrogen or of hydrogen-based fuels -such as
e-fuels-, and of biofuels in other modes of transport. By extending the ban on
sales of new internal combustion vehicles from 2035 to all countries around
the world in the Rupture scenario, the TotalEnergies Outlook 2021 introduces a
Rupture+ scenario, which allows to limit the temperature rise to 1,5degC. The
end-use demand is met with massive electrification, yielding an increased
demand for renewable-based electricity, solar and wind, which considerably
increased compared to last year's outlook. The assumption of oil plateauing
before 2030 and declining thereafter has been integrated in Momentum and
Rupture, while natural gas continues to play a role as a transition fuel,
particularly when accompanied by carbon capture and methane emissions control
solutions, throughout the projected timeframe covered by Momentum and Rupture.
Finally, the incorporation of new net zero pledges in this year's Momentum,
and the ambitious application of equivalent pledges to all countries in
Rupture, underscores the importance of a fair transition: one that addresses
the challenge of 'more energy, less emissions' without penalizing growth and
improved living standards in developing countries. The TotalEnergies Energy
Outlook wants to address the need for energy to decarbonize , but also to
remain globally accessible.
***
About TotalEnergies
TotalEnergies is a broad energy company that produces and
markets energies on a global scale: oil and biofuels, natural gas
and green gases, renewables and electricity. Our 105,000 employees
are committed to energy that is ever more affordable, clean,
reliable and accessible to as many people as possible. Active in
more than 130 countries, TotalEnergies puts sustainable development
in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.
Twitter: @TotalEnergies LinkedIn: TotalEnergies Facebook:
TotalEnergies Instagram: TotalEnergies
Cautionary Note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TotalEnergies SE directly or indirectly owns investments are
separate legal entities. TotalEnergies SE has no liability for
their acts or omissions. The terms "Company" or "TotalEnergies
company" refer collectively to the company TotalEnergies SE and the
companies it controls directly or indirectly. Such terms are used
solely for the sake of convenience for purposes of the present
communication. Likewise, the words "we", "us" and "our" may also be
used to refer to subsidiaries in general or to those who work for
them. This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TotalEnergies SE nor
any of its subsidiaries assumes any obligation to update publicly
any forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
TotalEnergies
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l
@TotalEnergiesPR
Investor Relations: +44 (0)207 719 7962 l
ir@totalenergies.com
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CONTACT:
TotalEnergies
SOURCE: TotalEnergies SE
Copyright Business Wire 2021
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