IOGP supports the EU’s objective of climate neutrality by 2050
(Brussels, 4 March 2020) The International Association of Oil & Gas Producers (IOGP) supports the EU’s objective to reach climate neutrality by 2050. We call on policymakers to follow up on the Climate Law with an inclusive approach that promotes all available technologies and solutions equally, and encourage the EU to step up its engagement with its global partners to combine decarbonisation efforts.
“With the Climate Law, the EU sets a clear objective on the horizon. Reaching climate neutrality by 2050 will be an immense challenge for the EU as a whole. We simply cannot afford to try and take shortcuts or to cherry pick solutions anymore. We need policymakers to help deploy all large-scale alternatives: Carbon Capture Use & Storage and clean hydrogen from natural gas will be key” said François-Régis Mouton, IOGP Regional Director Europe.
Key Points
To help the EU reach climate neutrality by 2050, Europe’s Oil & Gas Industry has a clear way forward:
- Reducing our carbon footprint, by minimising emissions linked to the production, processing and transport of our products. This includes continued efforts to reduce methane leakage and flaring, as well as the electrification of platforms.
- Supplying cleaner energy, in particular natural gas as cost-effective alternative to coal and enabler of renewable energy integration, but also by investing a growing share of our capital expenditure in low-carbon and renewable energies and services including wind, solar, batteries and biofuels.
- Developing long-term carbon management solutions, in particular Carbon Capture Use & Storage which can also mitigate emissions in strategic energy-intensive industrial sectors and enable the large-scale supply of clean hydrogen by decarbonising natural gas. We also pursue nature-based solutions essential to tackle emissions which are too difficult or technically impossible to avoid.
“If this is to be Europe’s ‘Man on the Moon’ moment, we must once again have all industrial actors working together towards the same objective. Oil & Gas account for nearly 60% of EU energy demand today, therefore the involvement of our sector will be instrumental to making Europe’s transition to a cleaner energy system a success” François-Régis concluded.
- Publications
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Creating a sustainable business case for CCS value chains

Map of CO2 storage Projects in Europe

IOGP Europe statement on the ECHA proposed PFAS restriction proposal related to the Carbon Capture, Transport and Storage (CCS) Technology

IOGP Europe position on the EU Industrial Carbon Management

IOGP position paper on the European Commission’s public consultation on the EU climate target for 2040

IOGP Europe feedback on Net Zero Industry Act proposal

Joint industry statement on the EU Taxonomy

IOGP response on Competitive Bidding schemes for hydrogen under the Innovation Fund

IOGP response on revamping the Strategic Energy Technology (SET) Plan

IOGP views on the proposed Regulation amending Regulation (EU) 2021/241 as regards REPowerEU chapters in Recovery and Resilience Plans

IOGP response to the consultation on certification of carbon removals – EU rules

IOGP comments to R. W. Howarth and M. Z. Jacobson (2021): How Green is Blue Hydrogen?

Re-Stream – Study on the reuse of oil and gas infrastructure for hydrogen and CCS in Europe

IOGP response to the public consultation on the Energy Taxation Directive (ETD) proposal

IOGP response to the public consultation on the Renewable Energy Directive (RED) proposal

IOGP feedback to the European Commission’s Roadmap on restoring sustainable carbon cycles

IOGP response to the public consultation on the Carbon Border Adjustment Mechanism (CBAM) proposal

IOGP position on the revision of the EU Emissions Trading System (EU ETS) Directive

IOGP response to the public consultation on the Energy Efficiency Directive (EED) proposal

IOGP response to the public consultation on the FuelEU Maritime proposal

IOGP response to public consultation on the revised Climate, Energy and Environmental Aid Guidelines (CEEAG)

IOGP Paper on metric to use for 2030 targets

IOGP response to the roadmap on the modification of the General Block Exemption Regulation (GBER)

Public consultation on the EU Action Plan “Towards a Zero Pollution Ambition for air, water and soil”

Response to consultation on updating the EU Emissions Trading System

IOGP response to consultation on the revision of the Guidelines on State aid for environmental protection and energy (EEAG)

IOGP response to the Inception Impact Assessment on the revision of the Guidelines on State aid for environmental protection and energy (EEAG) 2014-2020

IOGP views on competition policy supporting the European Green Deal

IOGP statement on the European Commission’s 2030 Climate Target Plan

What’s Right? What’s Wrong? IOGP comments on the ‘EU Strategy for Energy System Integration’ and ‘A hydrogen strategy for a climate neutral Europe’

IOGP written input to the public consultation on the Carbon Border Adjustment Mechanism (CBAM)

IOGP views on State aid for environmental protection and energy (EEAG)

IOGP written input to the consultation “2030 Climate Target Plan”

IOGP response to the inception impact assessment concerning the revision of the 2018 Renewable Energy Directive (REDII)

IOGP feedback on the update of EU ETS monitoring and reporting rules (2021-30)

IOGP response to supplementary questions on the EIB Group’s Climate Bank Roadmap 2021-2025

IOGP response to consultation on the renewed Sustainable Finance strategy

Funding CCS in Europe: key investments for the recovery

IOGP response to the public consultation on the revision of Regulation (EU) 347/2013 on guidelines for TEN-E Regulation

IOGP response to targeted consultation on the revision of Regulation (EU) 347/2013 on guidelines for TEN-E Regulation

IOGP input to the Roadmap on the EU strategy on hydrogen in Europe

IOGP feedback to the Combined Evaluation Roadmap/Inception Impact Assessment on the revision of Regulation (EU) 347/2013 on guidelines for TEN-E

IOGP feedback to the roadmap for a Renovation Wave initiative for public and private buildings

IOGP input to the forthcoming EU Strategy for Energy System Integration

IOGP response to the EIB Group’s Climate Bank Roadmap 2021-2025

Input to the inception impact assessment on the FuelEU Maritime

IOGP feedback to the proposed European Climate Law

Feedback to the impact inception assessment “2030 Climate Target Plan”

New and old CCS projects in Europe: What’s different this time?

IOGP assessment of National Energy and Climate Plans

Methane Management in the Upstream Oil and Gas Industry: Policy recommendations in the context of the EU Methane Strategy

Scaling up Hydrogen in Europe

IOGP assessment of draft National Energy and Climate Plans

The potential for CCS and CCU in Europe Report to the thirty second meeting of the European Gas Regulatory Forum 5-6 June 2019

LNG – a fast lane to make Europe a leader in clean shipping

CCS: the Innovation Fund and beyond

OGP contribution to the CCS Directive evaluation

Net-Zero Industry Act marks a step change in industrial and climate policy – EU paves way for carbon capture and storage scale-up

Europe needs a CO2 storage ambition for 2050

Balance, strength and fairness: building blocks for a stronger Union

REPowerEU Plan: domestic gas production deserves stronger role alongside imports and renewables in enhancing EU energy resilience

Re-Powering the EU by protecting well-functioning markets, enhancing strategic partnerships and boosting domestic production

Inclusion of gas in the Taxonomy Regulation supports EU ambition to reach climate neutrality by 2050

Gas market reform marks a step change in EU approach to the transition

New Re-Stream study assesses the feasibility of transport of hydrogen and CO2 in European gas and oil infrastructure

More inclusion needed to be fit for 55

Council’s inclusive approach to hydrogen sends strong signal ahead of key legislative year

EU Methane Strategy sets the right sequence to tackle the challenge

Guidelines for Methane Emissions target setting

Rebalancing Europe’s natural gas supplies – Learnings, future needs, and policy implications

Creating a sustainable business case for European CCS value chains

Scaling up the energy transition whilst securing a stable suppy

The Europe CCUS & Hydrogen Decarbonisation Summit
