2022 Volume 87 Issue 2 Pages 100-106
In this paper, after touching on the trend of policies toward a decarbonized society as a background, the future outlook of energy resources including oil and natural gas was shown through the analysis of several scenarios. Based on these, the challenges of the oil development industry toward the transition to a decarbonized society were considered. As policy trends toward a decarbonized society, net zero emission/carbon neutral targets and the measures for it, and oil-and-gas-sector-related methane countermeasures and supply-side fossil fuel policies were seen. Through the analysis of several scenarios, a future outlook in energy resources including oil and natural gas was shown. Against a backdrop of the movement toward a low-carbon society by entities other than the government, the challenges of oil development industry, especially those in value chains, were introduced. Investors are demanding the disclosure and reduction of scope 3 emissions, and the finance provided by financial institutions to fossil fuel companies is being focused on. Regarding issues in value chains, in the downstream, major oil and gas companies have set net zero emission targets including emissions from the use of energy products, and in the upstream, attention is paid to upstream methane emissions, especially the movement of the Oil and Gas Methane Partnership （OGMP）. Voluntary credits for offsetting these emissions are also of interest.
