We work with the academic community, civil society, institutions and businesses to research specific solutions for sustainable development.
We collaborate with the academic community, civil society, institutions and business to search for specific environmental solutions and energy transition for a low carbon future.
Eni subscribes to the Katowice Declaration on Sound Carbon Accounting, promoted by the International Emissions Trading Association (IETA). This urges the introduction of a consistent, reliable and transparent system for counting carbon emissions trading between countries, organisations and communities as part of the Paris Agreement on climate change. The document was signed in December 2018 at COP 24 in Katowice by a wide range of environmental organisations, big emissions trading operators and major international energy companies. It aims to consolidate, reinforce and extend the emissions trading system, avoiding double counting due to an absence of sound, shared accounting.
Business Partnership of 13 leading O&G companies representing about one third of world hydrocarbon production 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 coordinated by UNEP and the US-EPA and focused on reducing methane emissions along the Oil & Gas supply chain through the voluntary commitment to the implementation of projects of monitoring, reducing and reporting of the main sources of methane.
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.
It is the 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.
Public-Private Partnership with the long-term objective of a carbon pricing at global level.
Enea platform to bring together initiatives, experiences, criticalities and prospects in the field of circular economy and to promote the circular economy in Italy also through specific actions.
With the aim of demonstrating industry leadership in the fight against climate change, we invest in technologies to reduce GHG emissions.
The Oil and Gas Climate Initiative (OGCI) is a project founded in 2015, headed by the chief executives of the oil and gas companies that want to lead the industry’s response to climate change. On 24 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. Methane has a much greater global warming potential than CO2 and so focusing on this topic is one of the most effective initiatives the industry can undertake. The OGCI members also committed to ensuring that methane emissions are kept low throughout the gas value chain by promoting partnerships with companies involved in other areas. At the same event, the OGCI welcomed into the organisation three of the largest American oil and gas companies, Chevron, ExxonMobil and Occidental Petroleum, which together account for 5 per cent of global oil and gas production. Members of the OGCI therefore now represent approximately 30 per cent of global oil and gas production and provide almost 20 per cent of the total worldwide primary energy consumption. The 13 member companies represent China, the Middle East, Latin America, Europe and now the United States. The OGCI, with this global reach, is encouraging its members to work hard together in support of the Paris Agreement.
As part of the day a report entitled ‘At Work: Committed to Climate Action’ was presented, highlighting the activities already underway to achieve the initiatives’ objectives. These include the billion-dollar OGCI Climate Investments fund, launched in 2016 to finance companies developing technologies and business models to help reduce climate-altering gas emissions. 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. As for the future, the OGCI is starting work on a series of actions that together should help reach the 17 United Nations Sustainable Development Goals.
Eni played a leading role in tabling and finalising the methane intensity reduction target. We are committed to reducing methane emissions, which are predominantly produced in the Upstream sector. Thanks to our ongoing implementation of on-site campaigns, we have recorded a reduction of almost 2 million tonnes of CO2 equivalent compared to the estimated 2014 value and by 2025 we are aiming to reduce fugitive methane emissions by 80 per cent compared to 2014.
Climate change is a global challenge. The Oil & Gas Climate Initiative was created to find solutions for that challenge. When the Paris Agreement came into effect in 2017, OGCI reiterated its support for global action and emphasised the need for urgency. Each Oil & Gas company is acting to reduce emissions, but the most impact will be reached by working together and partnering with others. OGCI can be a catalyst for change, helping to reduce emissions, and making the world’s energy system fit for a sustainable future.
The chief executives of the companies that make up the OGCI and OGCI Climate Investments, met on 27 October 2017 in London and outlined their ambitions for a future with almost zero methane emissions and announced the first three investments in low emission technologies and projects.
On 4 November 2016, the OGCI Climate Investments scheme was announced in London: over the next decade, Eni and the other companies involved will finance $1 billion-worth of projects, initiatives and technological solutions to help reduce emissions. Through OGCI Investments, companies in the oil and gas sector have committed themselves to playing a key role in the reduction of greenhouse-gas emissions while continuing to supply energy. The OGCI Climate Investments is a unique strategic alliance with the environment at its heart and decarbonisation as the ultimate goal. ItI has a CEO and a board and Eni actively participates as a shareholder. The aim is to promote the use of new technologies and identify different ways of reducing energy consumption in the transport and industrial sectors. The largest companies in the world – all competitors – have decided to work together. They will share resources and skills and play a key role in reducing greenhouse gas emissions.
OGCI is partnering with United Nations Environment and the Environmental Defense Fund to provide financial and technical backing for the world’s first global methane study to fill gaps in the identification and quantification of global methane emissions. This project has the potential to inform new policy and will help to identify new initiatives to reduce emissions. OGCI is also working with Imperial College London on research that aims to provide a more accurate picture of total greenhouse gas emissions across the natural gas value chain, from well to distribution. This will identify emission hotspots that will allow OGCI to focus its efforts on areas that could bring the greatest benefits.