Page 17 - EniFor2016_Report_eng

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Eni for 2016 | Path to decarbonization

Moreover, the decline in the efficiencies and low emission and technological limits such
existing hydrocarbon production coefficients, is the only fossil as intermittence. Use of the
will require new discoveries fuel that is growing in absolute gas-renewables mix will also
and new developments, even if terms even under the IEA’s 450 allow coal consumption to
demand remains stable. scenario, which is in line with the be reduced. Currently, coal
Transportation efficiency will 2° C target. contributes approximately 40%
increase with the spread of Growth will be driven by the to global power generation and
electric vehicles but their impact electricity and industrial sectors, is responsible for over 70% of
in terms of oil displacement will where gas replaces fuels with CO emissions in the electricity
2
remain marginal for now, curbed greater environmental impact, sector. Lastly, the development
by the slow process of replacing and by non-OECD Countries, of new technologies and energy
fleets of cars. Furthermore, the where, for many of whom, gas policy measures will play an
decline in existing production represents an immediate response important role in this transition.
will require new discoveries and to increasing energy needs. One such measure is carbon
new developments, even Gas is also the ideal partner for pricing systems which promote
if demand remains stable. the development of renewables, the use of energy sources with
Gas, supported by high plant which still have some economic a lower environmental impact.

2016 results

| Reduction of direct emissions

From 2010 to 2016, changes GHG emission intensity rate compared with 2014. The GHG
to the production mix and by 30%. Considering the target Reduction Plan has three main
actions taken to contain GHG of reducing upstream emission action areas: eliminating process
emissions have allowed Eni to intensity by 43% by 2025 flaring, reducing fugitive methane
reduce total GHG emissions compared with 2014, Eni achieved emissions and continuous
by 31% and the upstream a reduction of 17.4% in 2016 improvement of energy efficiency.

˛ Upstream GHG emission intensity 2025 target
tCO eq/toe -43% vs 2014
2
,
-174%
2010 2011 2012 2013 2014 2015 2016 2025 target
0.24 0.21 0.23 0.23 0.20 0.18 0.17 0.11