How would a CO2 price improve industrial efficiency in oil and gas?

This data-file looks through 20 technologies that can reduce the CO2 intensity of the oil and gas sector. It contains our economic assumptions and our workings behind each technology.

A CO2 price of $40/ton could effectively encourage 10% CO2 reductions that are already economic but have not yet taken place, while an $80/ton CO2 price could incentivize total decarbonization of 20%.

The CO2 price required to incentive a CO2 saving project is closely correlated with its capex cost, and our data allows us to derive rules-of-thumb.