Sustainable energy and climate change

According to the Secretary General of the United Nations Ban Ki-Moon “Energy is the golden thread that connects economic growth, environmental health, social fairness and opportunity allowing the world to prosper.1eni believes that its contribution to enabling access to energy in the Countries where it operates through energy efficiency and sustainable resources is a concrete example of the validity of this statement.

(1) Message to the World Energy Congress, 2013.

Strategy to combat climate change

The challenge for energy companies and for eni is to contribute to the rational use of fossil fuels and identify new sustainable options that allow for economic development, access to energy for those currently excluded, the protection of the environment and the mitigation of climate change. This challenge must be addressed in both the short and medium to long-term.

eni is committed to combating climate change by reducing flaring and increasing energy efficiency.

Even though the situation is changing dramatically, hydrocarbons will continue to be the main global energy source for a long time to come according to the International Energy Agency (IEA)1.

Over the next few decades oil and natural gas will be irreplaceable sources of energy for mankind’s wellbeing, both with regard to the emancipation from poverty of hundreds of millions of people in developing Countries and for the stability of production and employment in the developed countries. Use of renewable sources, even though it will increase over the next few decades, will continue to satisfy only part of the future demand for energy.

The rational use of fossil fuels and the identification of new sustainable options must at the same time allow the pursuit of economic development, the protection of the environment and the mitigation of climate change. The oil and gas industry has focused particular effort on reducing gas flaring, which has shown a decreasing trend both at the aggregate level and in the main producing Countries.

(1) IEA, World Energy Outlook, 2013.