A Two-pillar Multi-energy Strategy
TotalEnergies’ strategy to address rising global energy demand and reduce greenhouse gas emissions relies on two main pillars: Oil & Gas and Electricity (Integrated Power).
Energy is vital for daily life—used for food, lighting, heating, cooling, transport, healthcare, construction, and trade. However, the global energy system remains heavily dependent on fossil fuels, which account for 80% of energy production and use, posing a significant climate challenge.
Challenges and Demographic Impact
Energy demand has historically grown alongside population and living standards. Between 2023 and 2050, the global population is expected to increase by nearly 2 billion people. This growth will impact the UN Sustainable Development Goals (SDGs), which aim to enhance prosperity and social well-being while protecting the environment and biodiversity.
Transition Towards Carbon Neutrality
In response to the dual challenge of meeting increased energy needs and lowering emissions, TotalEnergies is developing an integrated, balanced, multi-energy transition approach. This strategy strives for carbon neutrality in partnership with society.
“There is an urgent need to accelerate the development of a decarbonized energy system, while maintaining the current energy system at a high enough level to meet global demand and organize a just, orderly and equitable transition of energy systems.”
Key Energy Transition Principles
- Maintaining energy supply to meet rising global demand
- Accelerating the shift to decarbonized energy sources
- Ensuring a just and equitable transition for all stakeholders
- Aligning energy development with climate goals and societal needs
Through this approach, TotalEnergies aims to balance economic development with environmental responsibility and social equity.
Author’s Summary
TotalEnergies focuses on a balanced dual strategy of Oil & Gas and Integrated Power to meet rising energy demand while driving a just transition to carbon neutrality globally.