Our Ambition: Carbon Neutrality by 2050, Together With Society – TotalEnergies.com

TotalEnergies’ Ambition for Carbon Neutrality by 2050

TotalEnergies envisions its activities aligned with global efforts toward carbon neutrality by 2050, in collaboration with society. This ambition directly supports multiple Sustainable Development Goals (SDGs), including SDG 7 (Affordable and Clean Energy), SDG 9 (Industry, Innovation and Infrastructure), SDG 12 (Responsible Consumption and Production), and SDG 13 (Climate Action).

Projected Energy Production by 2050

1. Low-Carbon Electricity Production
   • Approximately 50% of TotalEnergies’ energy will come from low-carbon electricity.
   • This includes an estimated storage capacity, totaling around 500 TWh/year.
   • The company aims to develop about 400 GW of gross renewable capacity.
   • SDG 7: Ensuring access to affordable, reliable, sustainable, and modern energy.
2. Low-Carbon Energy Molecules
   • About 25% of energy, equivalent to 50 Mt/year, will be produced as low-carbon energy molecules.
   • These include biogas, hydrogen, and synthetic liquid fuels derived from circular reactions (H₂ + CO₂ e-fuels).
   • SDG 9 and SDG 12: Promoting sustainable industrialization and fostering innovation in circular economy solutions.
3. Oil & Gas Production
   • Production is expected to be about 1 Mboe/day, approximately one quarter of the 2030 production level, consistent with the IEA’s Net Zero scenario.
   • Primarily liquefied natural gas (around 0.7 Mboe/day or 25-30 Mt/year) with very low-cost oil comprising the remainder.
   • Most oil will be used in the petrochemicals industry to produce about 10 Mt/year of polymers, with two-thirds sourced from the circular economy.
   • SDG 12: Responsible consumption and production through circular economy practices.

Emissions and Carbon Management

• Scope 1 Residual Emissions
  • Approximately 10 Mt CO₂e/year with methane emissions targeted to approach zero (below 0.1 Mt CO₂e/year).
  • These emissions will be fully offset by nature-based solutions, leveraging natural carbon sinks.
  • SDG 13: Taking urgent action to combat climate change and its impacts.
• Scope 3 Emissions
  • Totaling about 100 Mt CO₂e/year, representing emissions generated by customers.
  • TotalEnergies plans to contribute to eliminating this equivalent CO₂ through carbon utilization (CCU) and carbon capture and storage (CCS) solutions of approximately 100 Mt CO₂e/year.
  • SDG 13 and SDG 17 (Partnerships for the Goals): Collaborating with society to achieve net zero emissions.

Alignment of Trading Portfolio

By 2050, TotalEnergies’ trading portfolio will be fully aligned with its production and sales portfolio, ensuring coherence in its sustainability strategy and supporting the achievement of SDGs.

Summary of SDG Contributions

• SDG 7: Transition to low-carbon and renewable energy sources.
• SDG 9: Innovation in energy production and circular economy.
• SDG 12: Responsible consumption and production through circular polymers and low-carbon molecules.
• SDG 13: Climate action via emission reductions and carbon offset projects.
• SDG 17: Partnerships with society to achieve net zero emissions.

1. Sustainable Development Goals (SDGs) Addressed or Connected

1. SDG 7: Affordable and Clean Energy
   • The article discusses TotalEnergies’ ambition to produce about 50% of its energy from low-carbon electricity and develop 400 GW of renewable capacity by 2050.
2. SDG 9: Industry, Innovation and Infrastructure
   • Focus on developing low-carbon energy molecules such as biogas, hydrogen, and synthetic fuels, and advancing carbon capture, utilization, and storage technologies.
3. SDG 12: Responsible Consumption and Production
   • Use of circular economy principles in producing polymers and managing oil and gas resources.
4. SDG 13: Climate Action
   • Commitment to carbon neutrality by 2050, reducing Scope 1 and Scope 3 emissions, and offsetting emissions through nature-based solutions.

2. Specific Targets Under Those SDGs

1. SDG 7 Targets
   • Target 7.2: Increase substantially the share of renewable energy in the global energy mix by 2050 (reflected in the goal of 400 GW renewable capacity and 50% low-carbon electricity production).
   • Target 7.3: Double the global rate of improvement in energy efficiency (implied through low-carbon energy molecules and storage capacity development).
2. SDG 9 Targets
   • Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies (reflected in carbon capture, utilization, and storage technologies).
3. SDG 12 Targets
   • Target 12.5: Substantially reduce waste generation through prevention, reduction, recycling, and reuse (implied by circular economy use in polymer production).
4. SDG 13 Targets
   • Target 13.2: Integrate climate change measures into policies and planning (reflected in the carbon neutrality ambition and emission reduction goals).

3. Indicators Mentioned or Implied to Measure Progress

1. Renewable Energy Capacity and Production
   • Indicator: Total renewable energy capacity developed (e.g., 400 GW gross renewable capacity).
   • Indicator: Amount of low-carbon electricity produced annually (e.g., 500 TWh/year).
2. Low-Carbon Energy Molecules Production
   • Indicator: Volume of low-carbon energy molecules produced per year (e.g., 50 Mt/year of biogas, hydrogen, synthetic fuels).
3. Greenhouse Gas Emissions
   • Indicator: Scope 1 residual emissions in Mt CO₂e/year (targeting about 10 Mt CO₂e/year).
   • Indicator: Methane emissions aiming towards zero (below 0.1 Mt CO₂e/year).
   • Indicator: Scope 3 emissions in Mt CO₂e/year (about 100 Mt CO₂e/year).
4. Carbon Offset and Capture
   • Indicator: Amount of CO₂e emissions offset by nature-based solutions and carbon capture/utilization/storage (approximately 100 Mt CO₂e/year).
5. Circular Economy Metrics
   • Indicator: Proportion of polymers produced from circular economy sources (two thirds of 10 Mt/year polymers).

4. Table of SDGs, Targets, and Indicators

Source: totalenergies.com