REG-TotalEnergies SE In view of the COP26, TotalEnergies Contributes to the Energy Transition Dialogue by Publishing the “Energy Landscape” and the “TotalEnergies Energy Outlook 2021”

TotalEnergies SEAnnouncement

27/09/2021 13:35

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In view of the COP26, TotalEnergies Contributes to the Energy Transition
Dialogue by Publishing the “Energy Landscape” and the “TotalEnergies
Energy Outlook 2021”

 

In view of the forthcoming COP26, multi-energy company TotalEnergies
(Paris:TTE) (LSE:TTE) (NYSE:TTE) contributes to the Energy Transition
discussion with two new documents aiming to provide a better understanding of
the global energy system: the “Energy Landscape” and the “TotalEnergies
Energy Outlook 2021” (available in English here
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Finvestors%2Fresults-investor-presentations%2Finvestor-presentations&esheet=52498849&newsitemid=20210927005456&lan=en-US&anchor=here&index=1&md5=79eae2272cb14e429c63506363a64a38)
and in French here
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Ffr%2Factionnaires%2Fresultats-et-presentations-investisseurs%2Fpresentations-investisseurs&esheet=52498849&newsitemid=20210927005456&lan=en-US&anchor=here&index=2&md5=0e371d34819ba27e25e347127b1f7ef1)
).

Energy Landscape

The “Energy Landscape”, written in collaboration with Capgemini and energy
expert Colette Lewiner, aims to provide an overview of the worldwide energy
system as of 2021, to enlighten the ongoing energy transition. It provides
facts-based information on energy supply and demand and on how to compare
energies in an informed way. It also presents the technological progresses
that have already been made and those still to come.

This document equally provides insights into the climate challenges and the
progress needed to ensure a supply of energy that is affordable, reliable, and
as carbon-free as possible to limit global warming, a challenge that concerns
us all.

TotalEnergies Energy Outlook 2021

Published for a third consecutive year, the TotalEnergies Energy Outlook 2021
reexamines the two core scenarios – Momentum and Rupture – elaborated by
TotalEnergies in order to achieve the energy transition by 2050, taking into
consideration the current market and societal trends. It also integrates Net
Zero pledges unveiled by several countries since the presentation of last
year’s Energy Outlook.


 * Similar to last year, TotalEnergies’ Momentum scenario is a forward-looking
approach based on existing decarbonization strategies of net-zero pledged
countries, as well as announced targets and NDCs (Nationally Determined
Contributions) of other countries. Unlike last year, Momentum incorporates new
net-zero-by-2050 pledges of major economies like the US, Japan and South
Korea, as well as a more stringent policy framework for the EU and China’s
net-zero-by-2060 ambitions. This scenario enables to temperatures’ rise to
be limited at around 2,2 – 2,4° C compared to pre-industrial levels.


 * TotalEnergies’ Rupture is a scenario built to reach the objectives of the
Paris Agreement by 2050, with temperatures’ rise well-below 2°C vs
pre-industrial levels. It involves large-scale cleantech advancements, higher
penetration of new energy carriers and the engagement and actions from all
countries to move towards net zero by the middle of the century.

“Energy transition is a global debate and there is consequently a necessity
for society as a whole to participate,” declared Patrick Pouyanné, Chairman
and CEO of TotalEnergies. “With these two documents, in line with our
strategy to build a multi-energy company with an ambition to get to Net Zero
by 2050 and our wish to put the sustainable development goals at the core of
our strategy, TotalEnergies intends to share its understanding of the world of
energies, in order to contribute to the decisions that will have to be taken
to tackle climate change.”

Helle Kristoffersen, President Strategy & Sustainability and member of the
Executive Committee, presents these two documents today as an introduction to
the Investors Days. This webcast will be streamed live and available for
replay at the following address:
https://totalenergies.com/investors/results-investor-presentations/investor-presentations
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Finvestors%2Fresults-investor-presentations%2Finvestor-presentations&esheet=52498849&newsitemid=20210927005456&lan=en-US&anchor=https%3A%2F%2Ftotalenergies.com%2Finvestors%2Fresults-investor-presentations%2Finvestor-presentations&index=3&md5=12646cdd494d8b59b49f4c713d9ebfd5)
 Below are some of the main assumptions and conclusions from the TotalEnergies     
 Energy Outlook 2021:                                                              
 
                                                                                 
                                                                                   
 
                                                                                 
 
*Energy efficiency is a key lever shared by all countries and one of a           
 low-hanging fruit. The Momentum scenario takes into account an ambitious path     
 in that matter, similar to the 2020 outlook.                                      
 
                                                                                 
 
*Energy demand grows in Momentum and Rupture, along with the growth of both      
 world population and global economic development. In the meantime, emissions      
 are down in both scenarios, particularly in Momentum, compared to the 2020        
 outlook with new energy carriers such as electricity in transportation and        
 hydrogen allowing for deeper decarbonization of all sectors.                      
 
                                                                                 
 
*The ban on single-use plastics from 2040 has been taken into account, in        
 ‘Net Zero 2050 Countries’ in Momentum, and worldwide in Rupture.                  
 
                                                                                 
 
*The ban on sales of new internal combustion vehicles from 2035 has also been    
 applied to Net Zero 2050 Countries in Momentum. This hypothesis has for           
 consequence a massive electrification of light vehicles and an increased          
 penetration of hydrogen or of hydrogen-based fuels -such as e-fuels-, and of      
 biofuels in other modes of transport.                                             
 
                                                                                 
 
*By extending the ban on sales of new internal combustion vehicles from 2035 to  
 all countries around the world in the Rupture scenario, the TotalEnergies         
 Outlook 2021 introduces a Rupture+ scenario, which allows to limit the            
 temperature rise to 1,5°C.                                                        
 
                                                                                 
 
*The end-use demand is met with massive electrification, yielding an increased   
 demand for renewable-based electricity, solar and wind, which considerably        
 increased compared to last year’s outlook.                                        
 
                                                                                 
 
*The assumption of oil plateauing before 2030 and declining thereafter has been  
 integrated in Momentum and Rupture, while natural gas continues to play a role    
 as a transition fuel, particularly when accompanied by carbon capture and         
 methane emissions control solutions, throughout the projected timeframe           
 covered by Momentum and Rupture.                                                  
 
                                                                                 
 
*Finally, the incorporation of new net zero pledges in this year’s Momentum,     
 and the ambitious application of equivalent pledges to all countries in           
 Rupture, underscores the importance of a fair transition: one that addresses      
 the challenge of ‘more energy, less emissions’ without penalizing growth          
 and improved living standards in developing countries. The TotalEnergies          
 Energy Outlook wants to address the need for energy to decarbonize , but also     
 to remain globally accessible.                                                    


***

About TotalEnergies

TotalEnergies is a broad energy company that produces and markets energies on
a global scale: oil and biofuels, natural gas and green gases, renewables and
electricity. Our 105,000 employees are committed to energy that is ever more
affordable, clean, reliable and accessible to as many people as possible.
Active in more than 130 countries, TotalEnergies puts sustainable development
in all its dimensions at the heart of its projects and operations to
contribute to the well-being of people.

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Cautionary Note

This press release, from which no legal consequences may be drawn, is for
information purposes only. The entities in which TotalEnergies SE directly or
indirectly owns investments are separate legal entities. TotalEnergies SE has
no liability for their acts or omissions. The terms “Company” or
“TotalEnergies company” refer collectively to the company TotalEnergies SE
and the companies it controls directly or indirectly. Such terms are used
solely for the sake of convenience for purposes of the present communication.
Likewise, the words “we”, “us” and “our” may also be used to refer
to subsidiaries in general or to those who work for them. This document may
contain forward-looking information and statements that are based on a number
of economic data and assumptions made in a given economic, competitive and
regulatory environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TotalEnergies SE nor any of its
subsidiaries assumes any obligation to update publicly any forward-looking
information or statement, objectives or trends contained in this document
whether as a result of new information, future events or otherwise.

TotalEnergies 

Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
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Investor Relations: +44 (0)207 719 7962 l ir@totalenergies.com
(mailto:ir@totalenergies.com)



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