TotalEnergies structures its strategy around two main pillars: Oil & Gas and Electricity (Integrated Power), aiming to meet increasing global energy demand while cutting greenhouse gas emissions.
Facing the dual challenge of growing energy needs and reducing emissions from energy production and use, the company pursues an integrated, balanced multi-energy transition strategy. This approach supports carbon neutrality in partnership with society.
Energy is vital worldwide, essential for food production, lighting, heating, cooling, transport, healthcare, construction, and trade. Despite this, the global energy system still depends on fossil fuels for 80% of its supply, posing a major climate challenge.
Energy demand historically rises with population growth and improved living standards. The world population is expected to grow by nearly 2 billion people between 2023 and 2050, impacting efforts to achieve the UN Sustainable Development Goals (SDGs), which aim to enhance prosperity and social well-being while preserving the environment and biodiversity.
It is crucial to rapidly develop a decarbonized energy system while maintaining sufficient supply to meet global demand. This requires organizing a just, orderly, and fair transition of energy systems worldwide.
“Energy is an essential resource, everywhere indispensable for living: for food, lighting, heating and cooling, transport, healthcare, construction and trade.”
“The global energy system still relies 80% on fossil fuels.”
“The global population is set to increase by almost 2 billion inhabitants between 2023 and 2050.”
Author's summary: TotalEnergies commits to a balanced dual approach—combining fossil fuels and electricity—to meet soaring energy demands sustainably and drive a just transition to carbon neutrality.