Insight
UK operators face tough emissions reduction targets
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Following an industry consultation in Q4 2023, the North Sea Transition Authority has now issued its requirements for cutting North Sea emissions further. Focussing on power generation, flaring and venting and cessation of production for more intensive assets, the rules are about to get tougher for operators. This insight provides our view on what it could mean for the UKCS.
Table of contents
-
Executive Summary
- Electrification
- Setting cessation of production (CoP) dates
- Zero routine flaring & venting by 2030
- Conclusion
Tables and charts
This report includes the following images and tables:
- UK societal carbon values
- UK upstream offshore Scope 1&2 emissions vs. cumulative field cessations
- Historical UK ETS prices (index)
What's included
This report contains:
Other reports you may be interested in
Insight
Beyond 2030: what the EU's decarbonisation roadmap means for its low-carbon economy
The EU's new 2040 targets: the view from 11 sectors
$1,150
Asset Report
Devon Energy - Lower 48 upstream
Upstream valuation for Devon's Delaware, Williston, Eagle Ford, Anadarko, and Powder River assets
$22,800
Insight
Scope 3 emissions: the growing regulatory and legal risks facing the UK North Sea
UK operators set to face a higher regulatory threshold on Scope 3 than any other country
$1,350
