Low Carbon

Eni’s international partnerships in the fight against Climate Change

We work with the academic community, civil society, institutions and businesses to research specific solutions for carbon neutrality by 2050.

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Eni's path towards just transition

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Eni for is the voluntary sustainability report that tells our contribution to an energy transition that is as fair and inclusive as possible

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The importance of partnerships

Partnerships are essential for Eni to achieve its energy transition objectives. We collaborate with the academic community, civil society, institutions and businesses to find concrete environmental solutions for sustainable development.

Oil and Gas Climate Initiative (OGCI)

Eni is among the five companies that founded the Oil and Gas Climate Initiative (OGCI), a CEO-led voluntary initiative aimed at accelerating the energy industry's response to climate change and supporting the Paris Agreement, in 2015. The OGCI currently comprises twelve international energy companies from all over the world, which together account for around a third of global hydrocarbon production. The OGCI communicated a new collective GHG (Scope 1+2) intensity reduction target for upstream operated assets that was consistent with the Paris Agreement in 2020 with the aim of reinforcing its commitment to reducing operational emissions. This is in addition to the methane emissions intensity reduction target announced in 2018. From 2017 to 2019, the carbon intensity of the participating companies' Upstream operations declined steadily, from 23.0kg CO₂eq/boe in 2017 to 22.1kg CO₂eq/boe in 2018 and 21.1kg CO₂eq/boe in 2019.

There was also a reduction in the intensity of methane emissions from upstream operations, from 0.30% in 2017 to 0.25% in 2018% and 0.22% in 2019. The initial collective target of achieving a methane emission intensity of 0.25% by 2025 was therefore achieved earlier than anticipated and a new target of 0.20% consequently set for 2025.

In terms of investment in low- and zero-emission energy, companies spend a combined total of seven billion euros per year on developing low-carbon solutions. R&D spending in 2019 was confirmed at $1 billion—the same level as in 2018. This commitment continued in 2020 and covered three key areas, namely the reduction of methane emissions, the reduction of CO₂ emissions and the recycling of carbon through CO₂ capture, utilisation and storage (CCUS) technologies. Also in 2020, two new international hubs were added to the CCUS KickStarter initiative, which was launched in 2019 to demonstrate the positive impact of CCUS policies and attract business investment to this area. The initiative now has seven international CCUS hubs and four of them are expected to be operational by 2025.

United to face today's challenges

Focusing on what matters: rather than shifting priorities, the Covid-19 crisis is further crystallizing the focus on what is essential. The open letter from the OGCI CEOs.

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IPIECA

IPIECA is the oil and gas industry's largest association. It works on the main environmental and social issues and supports the transition towards a net-zero future.

Climate & Clean Air Coalition’s Oil & Gas Methane Partnership (CCAC OGMP)

A public-private partnership coordinated by the UNEP and aimed at broadening the understanding of methane emissions throughout the Oil & Gas supply chain, with the aim of supporting companies and governments in outlining a strategic plan for reducing emissions. To encourage more robust and transparent reporting, it sets strict reporting and monitoring requirements for the primary sources of methane. Eni is co-chair of the Steering Committee (together with the European Commission).

Carbon Pricing Leadership Coalition (CPLC)

This private-public partnership promotes the use of carbon pricing on a global scale.

European Roundtable on Climate Change and Sustainable Transition (ERCST)

It is an independent non-profit organisation working on European and global climate change policies.

Global CCS Institute (GCCSI)

The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and deliver climate neutrality.

Global Gas Flaring Reduction Partnership (GGFR)

This public-private partnership, led by the World Bank, aims to reduce routine gas flaring on a global scale with the launch of its Zero Routine Flaring initative, which commits its endorsers to eliminate routine flaring by 2030. Eni has anticipated this target to 2025.

Eni for the reduction of methane emissions in the EU

Natural gas will play a central role in the energy transition. It is therefore fundamental that energy companies reduce their methane emissions. For this reason Eni, together with other multinational companies in the sector and some of the most important organisations in the academic and non-profit worlds, has sent a document with short-, medium- and long-term recommendations to the European Commission. It contains a series of policy suggestions to reduce methane emissions within the scope of the European Green Deal, in order to achieve climate neutrality by 2050.

Global Methane Alliance

This initiative coordinated by the UNEP aims, through the involvement of the O&G sector and governments, international organisations and NGOs, to promote the adoption of methane emission reduction targets in the O&G sector. Countries participating in the initiative agree to include these reduction targets in their respective NDCs.

Italian Circular Economy Stakeholder Platform (ICESP)

This is the Italian National Agency for New Technologies, Energy and the Environment (ENEA)’s platform for combining initiatives, experiences, analyses and perspectives on the circular economy. Its aim is to promote the circular economy in Italy through specific, dedicated strategies.

International Emissions Trading Association (IETA)

The International Emissions Trading Association (IETA) is the main association supporting businesses that implement market-based trading schemes for GHG emissions in line with the objectives of the United Nations Framework Convention on Climate Change (UNFCCC).

Katowice Declaration on Sound Carbon Accounting

Eni subscribes to the Katowice Declaration on Sound Carbon Accounting, promoted by the International Emissions Trading Association (IETA), which calls for the introduction of a unified, reliable and transparent system for reporting carbon emissions trading between countries, companies, organisations and communities as part of the Paris Agreement on climate change. The declaration was signed in December 2018 at COP24 in Katowice, Poland, by a wide range of environmental organisations, large-emissions trading operators and major international energy companies. Its aim is to consolidate, reinforce and extend the emissions trading system and avoid double counting caused by an absence of secure and joint reporting.

Methane Guiding Principles

This initiative brings together eight of the industry's main stakeholders with the aim of reducing methane emissions along the hydrocarbon value chain.

MIT CSF

This collaboration between the Massachusetts Institute of Technology (MIT) and Commonwealth Fusion Systems focuses on the industrial development of technologies for energy production from nuclear fusion.

Science Based Target Initiative (SBTI) – Oil & Gas Transition Project

The Science-Based Target Initiative is an initiative promoted by CDP, WWF Global Compact and WRI with the aim of establishing joint target-setting and disclosure methodologies where low-carbon transition issues are concerned. This is where the Oil & Gas transition project, which involves various O&G companies and other stakeholders to develop a common sector methodology to allow the tracking of the emissions performance of companies and degree of alignment with the Paris Agreement objectives, comes in.

Task Force on Climate-related Financial Disclosures (TCFD)

This Task Force, launched by the Financial Stability Board, aims to provide recommendations and establish guidelines to improve the quality of companies’ financial disclosures in matters relating to climate change.

World Business Council For Sustainable Development (WBCSD)

The World Business Council For Sustainable Development is an international, CEO-led organisation comprising over 200 companies working together to accelerate the transition to a sustainable world.

Zero Emissions Platform (ZEP)

ZEP is the technical adviser to the European Union on the deployment of Carbon Capture and Storage (CCS) and Carbon Capture and Utilisation (CCU) – a European Technology and Innovation Platform (ETIP) under the Commission’s Strategic Energy Technologies Plan (SET-Plan). The members make up the Advisory Council which provide strategic advice to ZEP, setting the overarching objectives and direction of travel.

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