Page 27 - EniFor2016_Report_eng

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Eni for 2016 | Path to decarbonization

| International partnerships

Eni actively participates in the Technological deployment will effective dialogue on Carbon
main international climate cause the OGCI’s investment to Pricing with governments
initiatives. One of these have a multiplier effect on the and companies around the
initiatives involved Eni in the low-carbon economy, with the world. Lastly, to confirm its
development of the “Oil and expected aim of reducing global commitment to transparency,
Gas Climate Initiative” (OGCI) , GHG emissions by 1 Gt CO over Eni has participated in the
21
2
established in 2014 by Eni and the next ten years. Task Force set up by the
other companies from the Eni continues in its commitment Financial Stability Board
petroleum sector representing to a global plan of action (FSB-TCFD) in December 2015.
over 20% of the global on carbon pricing in order The aim of this Task Force
production of hydrocarbons. to promote natural gas as a is to develop international
In 2016, the CEOs of the OGCI bridging solution in the climate recommendations and guidelines
companies relaunched their change challenge and encourage on the disclosure of risks
commitment at an event in the switch from coal to gas in associated with climate change.
London, announcing a joint power generation. Eni continues The Task Force’s first
investment of $1 billion over to work together with other recommendations were
10 years for the development O&G companies on the "Carbon published in December 2016
of technologies capable of Pricing Leadership Coalition" and will be formalized after a
reducing GHG emissions. initiative aimed at building an a public consultation.

21) Current group members are BP, CNPC, Eni, PEMEX, Reliance, Repsol, Saudi Aramco, Shell, Statoil and Total.