In view of the COP26, TotalEnergies contributes to the Energy Transition Dialogue by publishing the “Energy Landscape” and therefore the “TotalEnergies Energy Outlook 2021”

In view of the COP26, TotalEnergies contributes to the Energy Transition Dialogue by publishing the “Energy Landscape” and therefore the “TotalEnergies Energy Outlook 2021”

In view of the forthcoming COP26, multi-energy company TotalEnergies contributes to the Energy Transition discussion with two new documents getting to provide a far better understanding of the worldwide energy system: the “Energy Landscape” and therefore the “TotalEnergies Energy Outlook 2021”. (available in English here and in French here)

Energy Landscape
The “Energy Landscape”, written together with Capgemini and energy expert Colette Lewiner, aims to supply an summary of the worldwide energy system as of 2021, to enlighten the continued energy transition. It provides facts-based information on energy supply and demand and on the way to compare energies in an informed way. It also presents the technological progresses that have already been made and people still to return .

This document equally provides insights into the climate challenges and therefore the progress needed to make sure a supply of energy that’s affordable, reliable, and as carbon-free as possible to limit heating , a challenge that concerns us all.

TotalEnergies Energy Outlook 2021
Published for a 3rd consecutive year, the TotalEnergies Energy Outlook 2021 reexamines the 2 core scenarios – Momentum and Rupture – elaborated by TotalEnergies so as to realize the energy transition by 2050, taking into consideration the present market and societal trends. It also integrates Net Zero pledges unveiled by several countries since the presentation of last year’s Energy Outlook.

Similar to last year, TotalEnergies’ Momentum scenario may be a forward-looking approach supported existing decarbonization strategies of net-zero pledged countries, also as announced targets and NDCs (Nationally Determined Contributions) of other countries. Unlike last year, Momentum incorporates new net-zero-by-2050 pledges of major economies just like the US, Japan and South Korea , also as a more stringent policy framework for the EU, and China’s net-zero-by-2060 ambitions. This scenario enables to temperatures’ rise to be limited at around 2,2 – 2,4° C compared to pre-industrial levels.

TotalEnergies’ Rupture may be a scenario built to succeed in the objectives of the Paris Agreement by 2050, with temperatures’ rise well-below 2°C vs pre-industrial levels. It involves large-scale cleantech advancements, higher penetration of latest energy carriers and therefore the engagement and actions from all countries to maneuver towards net zero by the center of the century.
“Energy transition may be a global debate and there’s consequently a necessity for society as an entire to participate,” declared Patrick Pouyanné, Chairman and CEO of TotalEnergies. “With these two documents, in line with our strategy to create a multi-energy compagny with an ambition to urge to Net Zero by 2050 and our wish to place the sustainable development goals at the core of our strategy, TotalEnergies intends to share its understanding of the planet of energies, so as to contribute to the choices which will need to be taken to tackle global climate change .”

Helle Kristoffersen, President Strategy & Sustainability and member of the chief Committee, presents these two documents today as an introduction to the Investors Days. This webcast are going to be streamed live and available for replay at the subsequent address: https://totalenergies.com/investors/results-investor-presentations/investor-presentations

Below are a number of the most assumptions and conclusions from the TotalEnergies Energy Outlook 2021:

Energy efficiency may be a key lever shared by all countries and one among a low-hanging fruit. The Momentum scenario takes under consideration an ambitious path therein matter, almost like the 2020 outlook.

Energy demand grows in Momentum and Rupture, along side the expansion of both world population and global economic development. within the meantime, emissions are down in both scenarios, particularly in Momentum, compared to the 2020 outlook with new energy carriers like electricity in transportation and hydrogen allowing deeper decarbonization of all sectors.

The ban on single-use plastics from 2040 has been taken under consideration , in ‘Net Zero 2050 Countries’ in Momentum, and worldwide in Rupture.

The ban on sales of latest combustion vehicles from 2035 has also been applied to Net Zero 2050 Countries in Momentum. This hypothesis has for consequence a huge electrification of sunshine vehicles and an increased penetration of hydrogen or of hydrogen-based fuels -such as e-fuels-, and of biofuels in other modes of transport.

By extending the ban on sales of latest combustion vehicles from 2035 to all or any countries round the world within the Rupture scenario, the TotalEnergies Outlook 2021 introduces a Rupture+ scenario, which allows to limit the temperature rise to 1,5°C.

The end-use demand is met with massive electrification, yielding an increased demand for renewable-based electricity, solar and wind, which considerably increased compared to last year’s outlook.

The assumption of oil plateauing before 2030 and declining thereafter has been integrated in Momentum and Rupture, while gas continues to play a task as a transition fuel, particularly when amid carbon capture and methane emissions control solutions, throughout the projected timeframe covered by Momentum and Rupture.

Finally, the incorporation of latest net zero pledges during this year’s Momentum, and therefore the ambitious application of equivalent pledges to all or any countries in Rupture, underscores the importance of a good transition: one that addresses the challenge of ‘more energy, less emissions’ without penalizing growth and improved living standards in developing countries. The TotalEnergies Energy Outlook wants to deal with the necessity for energy to decarbonize , but also to stay globally accessible.