More than a third of global energy will be generated by renewable capacity by 2025, but energy-related CO2 emissions continue to increase, up 0.9% in 2022. Global production, transportation and processing of oil and gas emitted the equivalent of 5.1 billion tonnes of CO2 in 2022, according to the International Energy Agency (IEA). That’s almost 15% of total energy-related greenhouse gas emissions. Under the IEA’s Net Zero by 2050 (NZE) scenario, the emissions intensity of oil and gas activities needs to be roughly halved by the end of this decade, leading to a 60% overall reduction in total emissions from oil and gas ... (full story)