In view of the COP26, TotalEnergies Contributes to the Energy Transition Dialogue by Publishing the “Energy Landscape” and the “TotalEnergies Energy Outlook 2021” - Seite 2

Helle Kristoffersen, President Strategy & Sustainability and member of the Executive Committee, presents these two documents today as an introduction to the Investors Days. This webcast will be streamed live and available for replay at the following address: https://totalenergies.com/investors/results-investor-presentations/inv ...

Below are some of the main assumptions and conclusions from the TotalEnergies Energy Outlook 2021:

 

• Energy efficiency is a key lever shared by all countries and one of a low-hanging fruit. The Momentum scenario takes into account an ambitious path in that matter, similar to the 2020 outlook.

• Energy demand grows in Momentum and Rupture, along with the growth of both world population and global economic development. In the meantime, emissions are down in both scenarios, particularly in Momentum, compared to the 2020 outlook with new energy carriers such as electricity in transportation and hydrogen allowing for deeper decarbonization of all sectors.

• The ban on single-use plastics from 2040 has been taken into account, in ‘Net Zero 2050 Countries’ in Momentum, and worldwide in Rupture.

• The ban on sales of new internal combustion vehicles from 2035 has also been applied to Net Zero 2050 Countries in Momentum. This hypothesis has for consequence a massive electrification of light vehicles and an increased penetration of hydrogen or of hydrogen-based fuels -such as e-fuels-, and of biofuels in other modes of transport.

• By extending the ban on sales of new internal combustion vehicles from 2035 to all countries around the world in the Rupture scenario, the TotalEnergies Outlook 2021 introduces a Rupture+ scenario, which allows to limit the temperature rise to 1,5°C.

• The end-use demand is met with massive electrification, yielding an increased demand for renewable-based electricity, solar and wind, which considerably increased compared to last year’s outlook.

• The assumption of oil plateauing before 2030 and declining thereafter has been integrated in Momentum and Rupture, while natural gas continues to play a role as a transition fuel, particularly when accompanied by carbon capture and methane emissions control solutions, throughout the projected timeframe covered by Momentum and Rupture.

• Finally, the incorporation of new net zero pledges in this year’s Momentum, and the ambitious application of equivalent pledges to all countries in Rupture, underscores the importance of a fair transition: one that addresses the challenge of ‘more energy, less emissions’ without penalizing growth and improved living standards in developing countries. The TotalEnergies Energy Outlook wants to address the need for energy to decarbonize , but also to remain globally accessible.

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