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| Opening-up of the Oil Industry and Transition to Green Energy under the Goal of Carbon Neutrality |
| Wang Zhen, Ma Jie |
| CNOOC Energy Economics Institute |
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| Guide |
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Abstract Transition to green and low-carbon energy has become a general trend of global development. The energy transition mainly characterized by “cleanliness and lowcarbon + electrification” will continue to lead a new round of industrial revolution. The energy industry is developing rapidly to be clean, low-carbon, efficient, and integrated. New energy will gradually become a new driving force for economic growth. The oil and gas industry will be subjected to more pressure from public opinions, stricter regulatory oversight, and greater cost pressure. In the “carbon neutral era”, fossil energy will gradually become “supplementary and backup energy” rather than “primary energy”. The oil industry will be restructured and reorganized more quickly throughout the industrial chain. The domestic oil and gas industry is advised to intensify oil and gas exploration and development efforts in the country to increase oil and gas reserves and production, put a high premium on opening to the outside world more extensively, more broadly, and more deeply, continue to intensify international cooperation, enhance international energy cooperation in all directions, improve the capability in global resources allocation, establish a green trading system, and enhance the global trading capability.
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Published: 05 November 2022
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Dou Lirong, Yuan Shengqiang, Liu Xiaobing. Overseas Oil and Gas Exploration of Chinese Oil Companies:Challenges and Solutions[J]. China Oil & Gas, 2022, 29(2): 3-8. |
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Wang Zhen, Ma Jie. Challenges and Opportunities Facing China's Oil and Gas Industry[J]. China Oil & Gas, 2022, 29(2): 9-15. |
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2021, Vol. 28 
