Decarbonisation Technology August 2026 Issue

It is widely accepted that the goal of limiting global warming to an average of 1.5ºC by 2050 is no longer achievable. While this is not good news, it is not surprising. Many signatories to the Paris Agreement are not on track to meet their committed country-level targets. Analysts now consider an overshoot of the target, only achieving net-zero emissions by the end of the century. This year, in 2026, we have seen record-high temperatures, which should raise major concerns about what is to come in the next 24 years. Many countries are making progress, but not yet at the rate that is needed. Everyone needs to do more and sooner. The issue is one of supportive policy that will drive the levels of investment required to achieve impactful scale with transitional technologies, both nationally and collectively, globally. The twin foundations for the transition are the growth in renewable electricity generation and distribution and the transition away from fossil fuels. These foundations are critical but insufficient on their own. Scale-up of carbon capture and storage (CCS) and direct air capture (DAC) processes, along with natural carbon removal (forestry, agriculture, and aquaculture), are essential to address the overshoot. In their Energy Transition Outlook 2025 , DNV forecasts carbon dioxide removal (CDR) will capture 42% of global emissions by 2060. While CCS is feasible for carbon capture on board shipping, DAC at scale could contribute to low-carbon aviation and should become eligible for funding via the International Aviation Transport Authority (IATA) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) scheme. In combination with renewable fuels, CCS processes could deliver net-zero marine and aviation and help restore a healthy carbon cycle. Methane is responsible for around 30% of the current rise in global temperature. Since 2017, Oil and Gas Climate Initiative (OGCI) members have reduced flaring by 72%, contributing to a 63% reduction in their methane emissions or a carbon intensity of 0.12%. The Oil and Gas Methane Partnership 2.0 now includes 150 companies, representing nearly 45% of the world’s oil and gas production. These two initiatives are now targeting a carbon intensity of 0.1%, considerably (10-20x) lower than the global average. Even though they are not the only sources of methane emissions, reductions from oil and gas production are the most technically and economically feasible to achieve. Why are not all oil and gas companies joining such initiatives?

Managing Editor Rachel Storry

rachel.storry@emap.com tel +44 (0)7786 136440 Consulting Editor

Robin Nelson robin.nelson@ decarbonisationtechnology.com Sub-Editor Lisa Harrison lisa.harrison@emap.com Graphics Peter Harper Business Development Director Paul Mason info@decarbonisationtechnology.com tel +44 844 5888 771 Managing Director Richard Watts richard.watts@emap.com

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Robin Nelson