Paris Time Report launch

The Oil and Gas Industry in Net Zero Transitions

Background information

Ahead of the COP28 climate change conference, the IEA will publish a new landmark report that sets out a strategic plan for a fair, net-zero aligned transition pathway for the oil and gas industry.

The report aims to help frame discussions at COP28 by providing guidance on the role of oil and gas producers in achieving a decarbonised global energy sector. It will also offer metrics and analysis that allow stakeholders to assess whether producers are taking genuine steps to change their business models at the necessary pace and scale.