Royal Dutch Shell on 26 March outlined a scenario in which, by 2070, we would be using far less of the company’s own product—oil—as cars become electric, a massive carbon storage industry develops, and transportation begins a shift toward a reliance on hydrogen as an energy carrier.
The company’s Sky scenario was designed to imagine a world that complies with the goals of the Paris climate agreement, managing to hold the planet’s warming to “well below” a rise of 2 degrees Celsius, or 3.6 degrees Fahrenheit, above preindustrial levels. Shell has said that it supports the Paris agreement.
The scenario, which finds the world in a net-zero emissions state by 2070, is based on the idea that “a simple extension of current efforts, whether efficiency mandates, modest carbon taxes, or renewable energy supports, is insufficient for the scale of change required,” the oil company document reads.
“The relevant transformations in the energy and natural systems require concurrent climate policy action and the deployment of disruptive new technologies at mass scale within government policy environments that strongly incentivize investment and innovation.”
The company also cautioned that Sky is only a scenario—a possible future dependent on many assumptions—not a reality that will definitely be realized.
Read the full story here.
Read Shell's Sky scenario here (PDF).
Don't miss our latest HSE content, delivered to your inbox twice monthly. Sign up for the HSE Now newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
11 - 12 Sep 2019
- Bakersfield, California, USA
Combine engineering with computer programming in this 2-day course
3 Oct 2019
- Calgary, Alberta, Canada
Being Human - reserve your place at this one-day course
3 - 4 Oct 2019
- Calgary, Alberta, Canada
For a better understanding of geomechanical factors, attend this course
1 Nov 2019
- Bali, Indonesia
Registration Coming Soon
9 - 11 Nov 2019
- Abu Dhabi, UAE
The programme combines expert input, case studies, and immersive scenarios from the E&P and other industries to embed your learning and enable you to progress to the next level of your career.
10 Nov 2019
- Abu Dhabi, United Arab Emirates
Safety Leadership focuses on the ‘Human Factors’ (HF) which complement technical training to optimize reliability, safety, compliance, efficiency and risks within a team-based environment.
This course will help you develop a better understanding of factors that could impact your daily economic decisions as well as establish a new set of applicable tools to use in your professional career.
HSE Now is a source for news and technical information affecting the health, safety, security, environment, and social responsibility discipline of the upstream oil and gas industry.
©2003-2019 Society of Petroleum Engineers, All Rights Reserved.