Background
To meet its nationally determined contribution to the Paris Agreement, the government of Ghana aims to reduce GHG emissions by at least 15% by 2030 with a more ambitious goal to attain net-zero emissions by 2070. To meet this emission reduction targets, the oil and gas industry, which is responsible for almost half of global anthropogenic GHG emissions must demonstrate a commitment to decarbonize its operations and support climate initiatives. Locally, individual companies in the oil and gas industry report their GHG emissions to the Petroleum Commission (PC) and publish their climate actions in their annual reports. But the industry is not getting the required credit for its emission reduction investments because, while the carbon footprint of the industry has been widely publicised, the mitigation efforts are not readily accessible in the form that the public and global partners can process and understand. The industry need a system to harmonize all emission and mitigation data from its major players onto a common platform for effective dissemination to change public perfection towards the industry while encouraging more climate action.
Objectives
- To develop a robust system for effective monitoring and dissemination of climate efforts of the local oil and gas industry.
- To develop a competitive rewarding system that will inspire climate action among oil and gas companies to pursue their net-zero targets.
Proposed Method
Basically, the iNETS consist of an AI-powered net-zero modelling, tracking, and forecasting system which is fed with input data from a GHG emission inventory and mitigation efforts reported by the companies. The results which include individual net-zero paths of companies, net-zero ranking of companies, the overall industry path to net-zero, net-zero projections of individual companies and the industry and data-driven recommendations are then displayed in a user-friendly interactive web-based application. In addition, the iNETS will constantly update its database without any assistance as new company reports are published. The frontend of this application, which will be hosted on the web will disseminate the climate consciousness of the local oil and gas industry impactfully to the public, investors, and other stakeholders.