UKPIA's latest publication looks beyond 2019's UKPIA Future Vision Report and considers the role of the downstream oil sector in meeting the UK's Net-Zero target.
To download - click here
The UK downstream oil sector is capable and willing to play a significant role in meeting societal targets for decarbonisation to Net-Zero.
The Report makes three main findings:
Low-carbon liquid fuels can play a key role in the UK’s decarbonisation - and are doing so already. There are a number of technological pathways for the Downstream Oil Sector to deliver further decarbonisation of products and their manufacture.
We see Hydrogen as a critical component of meeting Net-Zero – the downstream sector is the largest producer of hydrogen in the world and can maintain and grow its role in producing and delivering zero-carbon emitting hydrogen.
A systems-based approach and enabling policy framework is required to produce low carbon- and eventually Net-Zero liquid fuels. As part of this, consider bespoke approaches for sectors with limited decarbonisation options (aviation) to enable greater collaboration in supply chains’ pathways.