What are the factors driving the management in reduction carbon and greenhouse in "oil and gas services" industry?
Best insight from top research papers
The factors driving the management in reducing carbon and greenhouse gas emissions in the oil and gas services industry include the need to address climate change and meet the goals of the Paris Agreement . The industry is under pressure from investors and governments to take climate action and achieve net-zero emissions by 2050 . Sustainability and environmental, social, and economic risks are also driving the adoption of sustainable practices and the creation of a green service supply chain . The negative impact of greenhouse gas emissions on the environment and human safety is another factor driving the need for emissions reduction in the industry . Additionally, the industry's expertise and knowledge in managing complex processes and facilities can be utilized to implement low-carbon technologies and contribute to the energy transition . The effective management of emissions is also important for maintaining investor and public confidence and ensuring the economic viability of the industry .
Answers from top 4 papers
More filters
| Papers (4) | Insight |
|---|---|
| The factors driving the management in reducing carbon and greenhouse gases in the oil and gas services industry are not mentioned in the provided paper. | |
| The factors driving the management in reducing carbon and greenhouse gases in the oil and gas services industry are the need to transform into integrated energy companies, diversify services, and help achieve the objectives of the Paris Agreement. | |
03 Sep 2019 3 Citations | The factors driving the management in reducing carbon and greenhouse gas emissions in the oil and gas industry are the need to maintain investor and public confidence and the economic viability of the sector. |
05 Jun 2023 | The paper discusses that the key drivers of ESG in the oil industry include pressure from investors and governments demanding climate action and proposing new requirements for businesses to achieve net-zero emissions by 2050. |
Related Questions
What are the most effective strategies for reducing greenhouse gas emissions in industrial processes?5 answersEffective strategies for reducing greenhouse gas emissions in industrial processes include implementing energy management plans with energy baselines, utilizing waste heat recovery for preheating cooling water in steel plants, and applying multilevel material flow analysis for robust carbon accounting. Additionally, focusing on reducing low-quality steel products to minimize emissions from steelmaking processesand addressing critical agents, problems, and solutions through an institutional approach in industries like cement production can significantly lower carbon dioxide emissions. Understanding determinants influencing investment decisions, such as profit-seeking objectives and access to capital, is crucial for successful adoption of greenhouse gas reduction measures in industrial sectors, especially in emerging economies. These strategies collectively contribute to more sustainable and environmentally friendly industrial practices.
What is the importance of reducing carbon emissions?5 answersReducing carbon emissions is crucial due to their significant impact on global warming and climate change. Carbon dioxide (CO2) emissions, primarily from industrial activities, transportation, and construction, contribute to the greenhouse effect, leading to adverse environmental consequences like rising sea levels and extreme weather conditions. Various strategies, such as implementing structural health monitoring in bridge management to extend service life and reduce emissions, and utilizing prefabricated building techniques to lower carbon emissions during construction, have been proposed as effective ways to mitigate carbon footprints. Policies like China's Low-Carbon Pilot have shown that reducing carbon emissions can lead to positive outcomes, promoting economic growth while also improving environmental quality. By adopting sustainable practices and technologies, individuals, businesses, and governments can collectively work towards minimizing carbon emissions to safeguard the planet for future generations.
How to do CO2 reduction?5 answersCO2 reduction can be achieved through various methods such as nonthermal plasma flow with catalysts, photocatalytic and photoelectrochemical processes in artificial photosynthesis, electrochemical CO2 reduction using diatomic electrocatalysts with Fe2N6 sites, and bimetallic iron porphyrins designed based on the active site of Nickle CO dehydrogenase. Additionally, pressurizing CO2 to 50 bar can steer CO2 reduction pathways towards formate, enhancing selectivity across different catalysts. These approaches offer promising strategies for reducing CO2 emissions and producing valuable chemicals, contributing to the mitigation of carbon emissions and the development of sustainable chemical synthesis methods.
What can be the solutions about reducing global warming and climate change due to carbon emission?4 answersThe solutions for reducing global warming and climate change due to carbon emissions include: 1) Conserving forests and carbon through protected areas, which can effectively prevent emissions that cause climate change. 2) Implementing carbon capture and storage (CCS) technology, which can reduce the enhanced greenhouse effect by capturing and storing carbon emissions. 3) Putting a fee or tax on carbon dioxide and other greenhouse gas emissions, which can help reduce emissions from the burning of fossil fuels and incentivize the transition to cleaner energy sources. 4) Using carbon cure technology in concrete production, which can reduce the carbon footprint of the cement industry and contribute to global warming potential reduction. These measures, along with a comprehensive sustainable energy plan, can contribute to mitigating global warming and climate change caused by carbon emissions.
How to lessen greenhouse gases?5 answersTo lessen greenhouse gases, various methods and technologies are being developed and implemented. One approach is to reduce the emission of greenhouse gases through agricultural practices and equipment that minimize soil compaction and negative anthropogenic impact on soil biomass. Another method involves the use of total intravenous anesthesia (TIVA) instead of volatile anesthetic gases, which contribute to the greenhouse effect. Tiletamine-zolazepam can be used for induction of anesthesia without the need for additional isoflurane to maintain anesthesia, leading to a significant reduction in isoflurane consumption. Additionally, the development of a "green" and low-carbon economy is crucial in reducing carbon dioxide emissions, the most common greenhouse gas. This can be achieved through the implementation of technologies and projects aimed at reducing greenhouse gas emissions, such as carbon dioxide, methane, nitrogen oxide, and fluorinated gases. Furthermore, the conversion of synthesis gas to dimethyl ether (DME) can also help in reducing greenhouse gas emissions.
Why carbon reduction is needed?3 answersReducing carbon emissions is necessary due to its correlation with climate change, ecological calamity, sustainable development goals, and health benefits. It is important to cut back on greenhouse gas emissions to reduce our carbon footprint, which can be achieved through various measures such as reducing home heating and cooling, water heating, electricity use, transportation choices, food consumption, and waste production. The steel industry, which produces significant carbon emissions, needs to implement carbon reduction programs and technologies to address the threat of global warming and extreme weather. As cities consume a large portion of the world's energy and emit a significant amount of greenhouse gases, carbon management should be considered in the context of local socioeconomic conditions and constraints. Carbon emission reduction policies have both welfare and economic effects, with constraints on high energy-consuming industries having comparative advantages in maintaining social welfare stability.