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Eni is one of the five companies that founded the Oil & Gas Climate Initiative (OGCI) in 2015, a voluntary CEO-led initiative, in response to the climate change challenge, that now counts 13 of the major Oil & Gas companies, which represent of the world hydrocarbons production. OGCI's mission is to catalyze actions and investments to mitigate the GHG emissions of the Oil & Gas sector and to explore new business and new technologies compatible with the energy demand growth. OGCI is investing up since 2016 for 10 years billion dollars for low carbon technologies, through the OGCI Climate Investment (OGCI CI) vehicle. These are additional investments compared to the commitments of the individual companies and a multiplier effect is expected thanks to the development of low carbon technologies. In addition to investments in technologies, OGCI is promoting scientific studies to fill the knowledge gap on methane emissions along the Oil & Gas supply chain, in partnership with UN Environment. Leveraging on the skills of Environment Defense Fund and Imperial College, measuring campaigns on Oil & Gas assets and Life Cycle Assessment (LCA) studies on the entire natural gas supply chain are being implemented. In September 2018, in New York, the companies in the OGCI set their first collective target for reducing the intensity of average Upstream methane emissions, aiming to bring it down from 0.32 per cent (2017) to 0.25 per cent by the end of 2025, with the ambition of eventually reaching 0.20 per cent.
Eni was also a forerunner in joining:
Eni is the only company among the Peers to be part of the Task Force on Climate-related Financial Disclosures (TCFD) of the Financial Stability Board and is nowadays active in the TCFD Oil & Gas Preparer Forum for the development of specific guidelines for the sector. Moreover, Eni, within all the trade associations it adheres to, ensures consistency of the position expressed with its own decarbonization strategy.
Business Partnership of 10 major Oil & Gas companies with the aim of demonstrating industry leadership in the fight against climate change, investing in technologies to reduce GHG emissions in the Oil & Gas value chain.
Public-Private Partnership led by the World Bank which aims at reducing the practice of flaring at a global level also through the launch of the zero routines flaring initiative, which commits the adherents to eliminate the volumes of gas sent to process flaring by 2030.
IETA is the main association supporting the implementation of market-based trading schemes for GHG emissions, involving businesses in the pursuit of climate actions in line with the objectives supported by the UNFCCC.
Initiative that gathers 8 Oil & Gas companies with the aim of reducing methane emissions along the Oil & Gas supply chain, through the involvement of the main supply chain stakeholders.
Association of companies active on sustainability issues. The WBCSD coordinates the Oil & Gas focus group for the implementation of the TCFD recommendations.
Partnership with the Massachusetts Institute of Technology and Commonwealth Fusion Systems for the industrial development of technologies for the production of nuclear fusion energy.
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