TotalEnergies addresses the growing global energy demand and the need to reduce greenhouse gas emissions with a strategy based on two pillars: Oil & Gas and Electricity (Integrated Power).
Facing the dual challenge of increasing demand and lowering emissions, the company is implementing a balanced, integrated multi-energy transition aligned with the goal of carbon neutrality in collaboration with society.
Energy is a vital resource essential for daily life, supporting food production, lighting, heating, cooling, transport, healthcare, construction, and commerce. Despite this, the global energy system still depends on fossil fuels for 80% of its supply.
Historically, energy demand has grown alongside population increase and rising living standards. The world population is projected to rise by nearly 2 billion people between 2023 and 2050, which will heavily impact the achievement of the United Nations Sustainable Development Goals (SDGs), aimed at improving prosperity, social well-being, and environmental protection.
There is an urgent need to accelerate the creation of a decarbonized energy system while ensuring energy remains sufficiently available to meet global needs and enable a just, organized, and equitable energy transition.
“Energy is an essential resource, everywhere indispensable for living: for food, lighting, heating and cooling, transport, healthcare, construction and trade.”
“The global energy system still relies 80% on fossil fuels.”
“The global population is set to increase by almost 2 billion inhabitants between 2023 and 2050.”
Author's summary: TotalEnergies pursues a balanced multi-energy strategy to meet rising energy demand while cutting emissions, enabling a just and sustainable global transition.