Background/Problems faced by clients: 

As the world transitions towards a low-carbon economy, oil and gas majors are under increasing pressure to reduce their greenhouse gas (GHG) emissions and achieve net-zero goals. A leading Indian Oil & Gas public company was seeking to streamline its net-zero pathway but faced challenges in identifying and prioritizing effective decarbonization interventions. The company needed a comprehensive strategy to achieve its net-zero goals, while also evaluating the potential impact on its revenue streams and cost savings.

Solution provided:

To address the client's needs, CRISIL provided a comprehensive solution that included:

• Decarbonization Intervention Assessment: We identified and assessed decarbonization interventions for the organization, considering technical feasibility, economic viability, and potential impact on GHG emissions.
  
• GHG Abatement Potential Analysis: We evaluated and prioritized decarbonization intervention basis the GHG abatement potential of each lever identified, through comprehensive modeling and analysis, using industry-recognized methodologies and tools.
  
• Net-Zero Roadmap Development: We formulated a year-wise strategy towards net-zero goals, examining the potential impact of each lever on the company's operations, revenue streams, and cost savings.
  
• Revenue Streams and Cost Savings Analysis: We analyzed potential revenue streams and cost savings associated with implementing each decarbonization lever, considering market trends, regulatory frameworks, and technological advancements.

Impact  on Client: 

Our solution enabled the client to integrate decarbonization strategies into its business operations, comply with emerging regulations and standards related to climate change and sustainability, and make informed decisions about its transition to a low-carbon economy