Scope 1* and 2*
Industry commitment to reducing upstream greenhouse gas (GHG) emissions
- 50% - 2030
- 90% - 2040
- Net Zero Basin - 2050
NSTA tracking and monitoring progress
GHG target as NSTA KPI
Annual report
- Intensity benchmark
- Flaring and venting
- Overall KPI target progress
Scope 3
Action for UKCS companies
CCS:
First cluster by mid-2020s building up to 75-175MiCO annual storage by 2050
Hydrogen:
CCS needed for upscaling as most hydrogen comes from natural gas
Nature based solutions:
Some oil and gas partnering for offsetting and carbon credits
Some UKCS operators setting scope 3 targets