A Two-pillar Multi-energy Strategy
TotalEnergies aims to address the increasing global energy demand while cutting greenhouse gas emissions through a dual approach centered on Oil & Gas and Electricity (Integrated Power).
Balancing Energy Demand and Decarbonization
Facing the dual challenge of growing energy needs and reducing emissions, TotalEnergies is pursuing an integrated, balanced multi-energy transition strategy aligned with carbon neutrality goals in cooperation with society.
Energy is vital everywhere: for food, lighting, heating, cooling, transport, healthcare, construction, and commerce. Yet, the current energy system depends on fossil fuels for 80% of its supply.
Global Energy Demand and Its Implications
Energy demand historically rises with population growth and improved living standards. Between 2023 and 2050, the global population is expected to grow by nearly 2 billion people, impacting the UN Sustainable Development Goals aimed at prosperity, well-being, environmental protection, and biodiversity.
The Need for a Just Energy Transition
An urgent acceleration toward a decarbonized energy system is required, while ensuring the existing system remains sufficiently robust to meet global demand and facilitate a fair, orderly, and equitable energy transition.
Key Points
- Energy is essential for numerous aspects of life and economic activity.
- The current global energy system heavily relies on fossil fuels (80%).
- Population growth will increase energy demand substantially by 2050.
- Energy transition must balance decarbonization with reliable supply.
- Transition should be just and equitable across societies.
TotalEnergies is developing a multi-energy transition strategy to meet these challenges as part of its commitment to carbon neutrality.
Author's summary: TotalEnergies integrates Oil & Gas with electricity to meet rising global energy demand while accelerating a fair transition toward a decarbonized, sustainable energy future.