To achieve carbon neutrality, the global energy mix will have to evolve considerably. TotalEnergies is already carving out a position in this future energy supply and diversifying its energy mix accordingly, reducing the share of its petroleum products and increasing natural gas, as a transition fuel, and renewable electricity.
The markets for low-carbon electricity and gas (natural gas, biogas and hydrogen) will need to grow, while coal will have to be eliminated and demand for oil will need to stabilize and then decline.