Pathways to net-zero for the oil and gas industry: Environment Analyst’s latest insight report

March 31, 2020

Environment Analyst’s latest insight report, Exploring pathways to net-zero for the oil and gas industry, features a question and answer session with Luke Hobson, RSK Principal Carbon Consultant, and Danielle King, RSK Environmental Risk Analyst.

The report examines the energy sector and its role at the “centre, front and back of the climate crisis debate and net-zero revolution” by exploring the latest thinking on low-carbon pathways. Luke and Danielle provide insight into how RSK helps its clients along the road to a low-carbon economy.

“Transitioning to a low-carbon economy is one of the greatest challenges of our time,” Luke and Danielle explain in the interview. “As a society, it is our responsibility to foster our ambition and overreach wherever possible, if we are to limit global temperature rise successfully to no more than 2ºC. At the same time, our economy must remain dynamic and responsive, capable of supporting rapid growth driven by the varied demands of our global populations. This is not an easy ask, nor is there a single solution. Instead, each sector and industry must tread its path on a journey to net zero.”

Increasingly, clients are becoming aware of the need to consider the risks associated with climate change regarding medium- and long-term planning. “Scenario planning has become an increasingly sought-after service, along with climate change risk assessment and management, as well as adaptation and resilience planning,” Luke and Danielle explain. However, there is no one-size-fits-all, which makes this process more challenging.

A roadmap of planned actions “depends largely on [an organisation’s] activities and their innate capacity to decouple economic growth from fossil fuel consumption,” say Luke and Danielle, and a roadmap to net zero must be specific to the individual challenges of an organisation.

“This task will undoubtedly be more challenging for some. However, we must not forget that the ultimate goal is zero carbon emissions. Net-zero offers us an interim means of offsetting the residual and ‘unavoidable’ impacts while we strive to reduce total gross emissions on an annual basis.”

Members can read the report and Q&A in full on the Environment Analyst website.