How Britain charts a course to achieve net zero emissions by 2050 will be under scrutiny when it hosts the COP26 climate conference in Glasgow, Scotland, starting on Oct. 31.In June 2019, when Britain enshrined its 2050 net zero target in law, Greenpeace activists steered speedboats towards a BP platform in the North Sea brandishing a"Climate Emergency" banner to try to stop production starting from Vorlich oilfield.
"If supply goes away and demand doesn't change, that only has one consequence and that is an escalation in price rises," BP Chief Executive Bernard Looney said this month. With the capacity of its gas storage facilities now only enough to last the nation a few days, Britain's reliance on just-in-time supplies shipped in from Qatar or elsewhere leave it exposed when the market tightens, like now with the surge in demand as economies recover from the COVID-19 pandemic.For activists, the answer is not turning the taps back on but rather reducing domestic fossil fuel consumption.
Britain has made progress in some areas. It is the world's biggest offshore wind power producer - and is expanding this resource rapidly. But that doesn't power homes on windless days. Britain has, however, been managing a decline, with production now half its 1999 peak at about 1 million barrels of oil equivalent per day , or about 1% of global oil demand.Oil and Gas UK , an industry association, has committed to making the North Sea an operationally net zero basin by 2050, which means it aims to eliminate, capture or offset any residual emissions from producing oil and gas there.
British can undo own fossil carbonfootprint in North Sea, by bringing in another prolific Arctic driller: Norway ClimateAction COP26
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