A Two-pillar Multi-energy Strategy

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href="/company/ambition/disciplined-sustainable-investments">Our investments</a></li><li class="sibling-item"><a href="/company/ambition/multi-energy-offer">Our multi-energy offer</a></li></ul> </div> </div> </div> Our strategy </li> </ol> </nav> </div> </div> <div id="block-page-title-for-content" data-block-plugin-id="page_title_block"> <h1 class="hidden page-title"><span>A Two-pillar Multi-energy Strategy</span> </h1> </div> </div> <div id="block-total-com-content" data-block-plugin-id="system_main_block"> <div class="content--simple-page--full"> <div class="layout--full"> <div class='container'> <div class="layout__region layout__region--content"> <div data-block-plugin-id="block_content:d62359e4-89ca-4cfc-adb8-1daaa1aa6662"> <div id="25356" entity-id="25356" entity-type="block" class="cover--panoramic block-cover"> <div class="cover"> <div class="image"><div class="media-image"> <div> <picture> <source 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src="/sites/g/files/nytnzq121/files/styles/510x145/public/images/totalenergies_tempa-rossa-italie_2024_1110x400.jpg?itok=XP63I-if" width="510" height="145" alt="" title="© Adrien Daste - TotalEnergies" loading="lazy" typeof="foaf:Image" /> </picture> </div> </div> </div> <div class="title long-layer"> <div class="container"> <h1 class="title-two"> <div class="wysiwyg"><p>A Two-pillar Multi-energy Strategy</p></div> </h1> </div> </div> </div> </div> </div> </div> </div> </div> <div class="mt-20 layout--full"> <div class='container'> <div class="layout__region layout__region--content"> <div data-block-plugin-id="entity_view:node"> <article about="/company/ambition/strategy" class="node-simple_page with-ellipsis"> <div> <div class="tab-content"> <div class="col-12 article-description"> <div class="row"> </div> </div> </div> <div class="wysiwyg"><p><strong>Meeting growing global energy demand, while reducing the greenhouse gas emissions associated with energy production and use: faced with this double challenge, we are developing an integrated and balanced multi-energy transition strategy, reasserting our ambition of achieving carbon neutrality by</strong> <strong>2050, together with society.</strong></p><h2><span class="title-level-2">More energy, less emissions</span></h2><p>Energy is an essential resource, everywhere indispensable for living: for food, lighting, heating and cooling, transport, healthcare, construction and trade. It is also at the heart of the climate challenge, as the global energy system still relies 80% on fossil fuels.</p><p>Historically, energy demand has increased in line with demographics and rising living standards. The global population is set to increase by almost 2 billion inhabitants between 2023 and 2050. This outlook will have significant consequences on the achievement of the UN Sustainable Development Goals (SDGs) to improve prosperity and social well-being while protecting the environment and biodiversity.</p><p>There is an urgent need to accelerate the development of a decarbonized energy system, while maintaining the current energy system at a high enough level to be able to meet global demand and organize a just, orderly and equitable transition of energy systems.</p><h2><span class="title-level-2">A balanced integrated multi-energy strategy</span></h2><p>Our integrated multi-energy strategy is built on two pillars: <span class="nowrap">Oil & Gas</span> – in particular liquefied natural gas (LNG) – and Electricity (Integrated Power), the energy at the heart of the transition.</p></div> </div> </article> </div> </div> </div> </div> <div class="mt-20 layout__100"> <div class="layout__region layout__region--content"> <div data-block-plugin-id="block_content:4c955388-02bb-4ace-8a37-9729ae5f608f"> <div id="25361" entity-id="25361" entity-type="block" class="two-column"> <div class="row m-0 "> <div class="fixed col-xl-6 col-12 p-0 order-xl-1 center"> <div class="col-cover"> <div class="image"><div class="media-image"> <div> <picture> <source srcset="/sites/g/files/nytnzq121/files/styles/720x795_two_column/public/images/2024-06/totalenergies_jetee-port-santos-sao-paulo_2024.jpg?itok=Q5o7g1Gt 1x" media="(min-width: 1200px)" type="image/jpeg" width="1600" height="1067"/> <source srcset="/sites/g/files/nytnzq121/files/styles/1024x380_two_column/public/images/2024-06/totalenergies_jetee-port-santos-sao-paulo_2024.jpg?itok=TgYONwpC 1x" media="(min-width:990px) and (max-width: 1199px)" type="image/jpeg" width="1600" height="1067"/> <source srcset="/sites/g/files/nytnzq121/files/styles/768x380_two_column/public/images/2024-06/totalenergies_jetee-port-santos-sao-paulo_2024.jpg?itok=mC2Tilf3 1x" media="(min-width: 768px) and (max-width: 989px)" type="image/jpeg" width="1600" height="1067"/> <source srcset="/sites/g/files/nytnzq121/files/styles/520x380_two_column/public/images/2024-06/totalenergies_jetee-port-santos-sao-paulo_2024.jpg?itok=gRj704va 1x" media="(max-width: 767px)" type="image/jpeg" width="1600" height="1067"/> <img aria-hidden="true" src="/sites/g/files/nytnzq121/files/styles/720x795/public/images/2024-06/totalenergies_jetee-port-santos-sao-paulo_2024.jpg?itok=XvRYFFjS" width="720" height="795" alt="" title="© Miguel Schincariol - TotalEnergies" loading="lazy" typeof="foaf:Image" /> </picture> </div> </div> </div> </div> </div> <div class="col-text col-xl-6 col-12 px-0 align-self-center" data-aos="fade-right"> <div class="container scroll-sticky"> <div class="block-nav flex flex-column left"> <button type="button" class="button-prev" tabindex="O" role="button">  <span class="sr-only">Scroll up</span> </button> <button type="button" class="button-next" tabindex="O" role="button">  <span class="sr-only">Scroll down</span> </button> </div> <div class="row justify-content-center"> <div class="col-xl-10 col-lg-12 col-md-12 col-sm-12"> <div class="detail"> <div class="description"> <div class="wysiwyg"><h3><span class="title-level-3">Responsible, low-cost, low-emission oil & gas production</span></h3><p>While drastically reducing the emissions of our operations, we plan to <strong>increase our oil and gas production</strong> <strong>– primarily LNG, which is key to the energy transition</strong> <strong>– by</strong> <strong>3% per year until</strong> <strong>2030.</strong></p><p>Our main responsibility as a producer of hydrocarbons is to reduce the greenhouse gas emissions associated with their production. This is why the key indicator or our progress in this <span class="nowrap">Oil & Gas</span> pillar is <strong>the reduction in </strong><span class="nowrap"><strong>Scope 1+2</strong></span><strong> emissions<sup>(1)</sup>.</strong></p> <div data-langcode="en" data-entity-type="block_content" data-entity-uuid="87a41535-cbfb-4eb6-beb8-7ccbe7214328" data-embed-button="key_figure" data-entity-embed-display="view_mode:block_content.embedded" data-entity-embed-display-settings="[]" class="embedded-entity"> <div id="25366" entity-id="25366" entity-type="block" class="block-key-figure-hzt single-line-description"> <div class="content blue_green_degraded_border"> <div class="value"> <div class="inner-value blue_green_degraded"> <span> -40% </span> </div> </div> <div class="subtitle"> <div class="wysiwyg">Our objective of reducing Scope 1+2 net emissions by 2030, compared to 2015</div> </div> </div> </div> </div> <p class="small-text"><sup>(1)</sup> Net emissions, including nature-based carbon sinks from 2030.</p></div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div data-block-plugin-id="block_content:8fd6625b-29e3-4ead-9c63-a9206bc7118a"> <div id="25376" entity-id="25376" entity-type="block" class="two-column"> <div class="row m-0 "> <div class="fixed col-xl-6 col-12 p-0 center"> <div class="col-cover"> <div class="image"><div class="media-image"> <div> <picture> <source srcset="/sites/g/files/nytnzq121/files/styles/720x795_two_column/public/images/2024-06/totalenergies_parc-eolien-champagne-conlinoise_2024.jpg?itok=2ozKPMfI 1x" media="(min-width: 1200px)" type="image/jpeg" width="1600" height="1067"/> <source srcset="/sites/g/files/nytnzq121/files/styles/1024x380_two_column/public/images/2024-06/totalenergies_parc-eolien-champagne-conlinoise_2024.jpg?itok=dsAMeoQ0 1x" media="(min-width:990px) and (max-width: 1199px)" type="image/jpeg" width="1600" height="1067"/> <source srcset="/sites/g/files/nytnzq121/files/styles/768x380_two_column/public/images/2024-06/totalenergies_parc-eolien-champagne-conlinoise_2024.jpg?itok=dBuNkoBJ 1x" media="(min-width: 768px) and (max-width: 989px)" type="image/jpeg" width="1600" height="1067"/> <source srcset="/sites/g/files/nytnzq121/files/styles/520x380_two_column/public/images/2024-06/totalenergies_parc-eolien-champagne-conlinoise_2024.jpg?itok=x3AH-28U 1x" media="(max-width: 767px)" type="image/jpeg" width="1600" height="1067"/> <img aria-hidden="true" src="/sites/g/files/nytnzq121/files/styles/720x795/public/images/2024-06/totalenergies_parc-eolien-champagne-conlinoise_2024.jpg?itok=ENcOPXst" width="720" height="795" alt="" title="© Stéphane Compoint - Capa - TotalEnergies" loading="lazy" typeof="foaf:Image" /> </picture> </div> </div> </div> </div> </div> <div class="col-text col-xl-6 col-12 px-0 align-self-center" data-aos="fade-left"> <div class="container scroll-sticky"> <div class="block-nav flex flex-column right"> <button type="button" class="button-prev" tabindex="O" role="button">  <span class="sr-only">Scroll up</span> </button> <button type="button" class="button-next" tabindex="O" role="button">  <span class="sr-only">Scroll down</span> </button> </div> <div class="row justify-content-center"> <div class="col-xl-10 col-lg-12 col-md-12 col-sm-12"> <div class="detail"> <div class="description"> <div class="wysiwyg"><h3><span class="title-level-3" dir="ltr">Integrated Power:</span><em><span class="title-level-3" dir="ltr"> </span></em><span class="title-level-3" dir="ltr">developing a profitable business model on the electricity value chain</span></h3><p>We intend to replicate our integrated <span class="nowrap">Oil & Gas</span> model on the <a href="/media/video/what-electricity-value-chain" target="_self">electricity value chain</a>. We are constructing a competitive portfolio of renewable (solar, onshore wind, offshore wind) and flexible (CCGT, storage) assets so that we can provide our customers with low-carbon electricity available 24 hours a day. We plan to <strong>increase our electricity production to more than</strong> <strong>100</strong> <strong>TWh by</strong> <strong>2030.</strong> In addition, we are also investing in low-carbon molecules: biofuels and biogas, as well as hydrogen and its derivatives: e-fuels and Sustainable Aviation Fuel (SAF).</p><p>The key indicator of our progress to measure our transition to low-carbon energy products is <strong>the lifecycle carbon intensity of the energy products used by our customers<sup>(2)</sup>.</strong> The decrease in this carbon intensity reflects our progression in the implementation of this transition strategy.</p> <div data-langcode="en" data-entity-type="block_content" data-entity-uuid="0f85af03-530f-4e3b-98fb-c254268d32b0" data-embed-button="key_figure" data-entity-embed-display="view_mode:block_content.embedded" data-entity-embed-display-settings="[]" class="embedded-entity"> <div id="25371" entity-id="25371" entity-type="block" class="block-key-figure-hzt single-line-description"> <div class="content blue_green_degraded_border"> <div class="value"> <div class="inner-value blue_green_degraded"> <span> 100 TWh/year </span> </div> </div> <div class="subtitle"> <div class="wysiwyg">Our objective of net electricity production by 2030</div> </div> </div> </div> </div> <p class="small-text"><sup>(2)</sup> Lifecycle carbon intensity of energy products sold This indicator measures the average GHG emissions of a unit of energy used by the Company’s customers across its lifecycle (i.e., <span class="nowrap">Scope 1+2+3</span>), from production to end use by customers. </p></div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="mt-40 layout--full"> <div class='container'> <div class="layout__region layout__region--content"> <div data-block-plugin-id="block_content:6a99dadb-9bc2-432b-9feb-7ed8b51e34d0"> <div id="26261" entity-id="26261" entity-type="block" class="cover-lf-expert lf-expert d-flex 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