Petroleum Transition Strategy
Oil Innovations to Reduce Climate Impacts
Reducing emissions through innovation is technically feasible, and despite a regulatory focus on other fossil fuels, oil will increasingly offer ways to mitigate climate change. A number of innovations are poised to reduce the emissions intensities of extra-heavy, depleted, and flared tight oils, and these innovations in turn promise to cut aggregate emissions from the oil sector. This analysis focuses on a few of the most promising examples. Figure 1 estimates the potential per-barrel emissions savings for these high-GHG oils modeled in the OCI.
Innovations in the sector:
Read our paper on oil sector innovations in Encyclopedia of Sustainable Technologies
A sketch of oil and gas transition strategy is under construction