TotalEnergies addresses the challenge of rising global energy demand alongside the need to reduce greenhouse gas emissions through a strategy based on two key pillars: Oil & Gas and Electricity (Integrated Power).
The company aims to develop a balanced, integrated multi-energy transition strategy aligned with carbon neutrality goals in partnership with society. Energy is vital worldwide, essential for food, lighting, heating, cooling, transport, healthcare, construction, and trade.
Energy production remains a central climate issue since roughly 80% of the global energy system depends on fossil fuels. Historically, energy demand has increased alongside population growth and improved living standards. The global population is expected to rise by nearly 2 billion people between 2023 and 2050.
This demographic growth will directly impact progress toward the UN Sustainable Development Goals (SDGs) focused on enhancing prosperity and social well-being while protecting the environment and biodiversity.
There is a pressing need to speed up the development of a low-carbon energy system without compromising current energy supply levels, ensuring a just, orderly, and fair energy transition worldwide.
“Energy is an essential resource, everywhere indispensable for living: for food, lighting, heating and cooling, transport, healthcare, construction and trade.”
“The global population is set to increase by almost 2 billion inhabitants between 2023 and 2050.”
“The global energy system still relies 80% on fossil fuels.”
Author’s summary: TotalEnergies pursues a dual-path strategy combining Oil & Gas with Integrated Power to meet growing energy needs while accelerating the transition to carbon neutrality responsibly and equitably.