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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 sustainable development.

by Eni Staff
05 February 2020
6 min read
by Eni Staff
05 February 2020
6 min read

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

Eni is one of the five companies that founded the Oil and Gas Climate Initiative (OGCI), a voluntary CEO-led initiative that aims to catalyse actions and investments to reduce GHG emissions in the Oil & Gas sector and explore new business opportunities and new technologies, in 2015. In 2019, the OGCI announced the progress that had been made in terms of the methane intensity reduction target announced in 2018 (collective target to reduce the intensity of methane emissions generated by Upstream activities from 0.32% in 2017 to 0.25% by 2025), with a collective reduction of 9% in 2018. Furthermore, the commitment to the joint investment of over $1 billion over a 10-year period has continued with the aim of developing technologies capable of reducing GHG emissions across the entire energy chain on a global scale. The CCUS KickStarter initiative was notably launched in 2019 to promote the large-scale global commercialisation of the CCUS (Capture, Use and Storage of CO₂) technology.

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

This public-private partnership is coordinated by the United Nations Environment Programme (UNEP) and the United States Environmental Protection Agency (EPA). It focuses on reducing methane emissions along the oil and gas supply chain through voluntary commitment to implement projects that monitor, reduce and report major sources of methane. 

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.

Global Gas Flaring Reduction Partnership (GGFR)

This public-private partnership, led by the World Bank, aims to reduce gas flaring on a global scale with the launch of its Zero Routine Flaring initative, which commits its endorsers to a net-zero output of gas caused by routine flaring.   

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.

Transparency in emissions trading

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 counting 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, shared accounting practice.

International Emissions Trading Association

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).

Methane Guiding Principles

This initative brings together 8 of the industry’s main stakeholders with the aim of reducing methane emissions along the oil and gas supply chain.    

TCFD (Task Force on Climate-related Financial Disclosures)

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.

IPIECA

IPIECA is the oil and gas industry’s main association active on key environmental and social issues. 

World Business Council For Sustainable Development (WBCSD)

The World Business Council for Sustainable Development is a global association of companies that are active in areas of sustainability. 

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. 

The Carbon Pricing Leadership Coalition (CPLC)

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

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

Initiative in the SBTI field 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.

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.