(Source: "Petroleum Business Daily", Page 7, September 29, 2024)
Dong Xiucheng
Double carbon and three new refers to "carbon peak, carbon neutrality, new energy, new materials and new business". At present, in the process of realizing the "dual carbon" goal, w88 login petroleum enterprises will face unprecedented opportunities and challenges. They must adhere to the guidance of new development concepts, strengthen top-level design, resolutely implement green and low-carbon strategies, accelerate corporate development transformation and upgrading, promote the integrated development of oil, gas and new energy, and vigorously develop new energy, new materials and new businesses.
w88 login petroleum companies face unprecedented challenges
w88 login petroleum companies, especially the three major oil groups, have a dominant position in China's oil and gas industry. They have achieved brilliant achievements in history and made great contributions to the security of national oil and gas supply. They have become the best among large domestic state-owned enterprises and have a pivotal strategic position in the development of the entire national economy and society. However, no company or individual should be complacent about "resting on their laurels" and lose the motivation to change and improve themselves. This is no different for w88 login petroleum companies.
Challenge one: how to deal with climate change.As the world's largest energy consumer, largest coal consumer and largest carbon dioxide emitter, China faces huge challenges and pressures. Whether it is to achieve carbon peaking or carbon neutrality, the difficulty is far greater than that of Western developed countries that achieved carbon peaking relatively early. The global response to climate change will become the main theme in the next few decades. Every country and company must face it directly, and no company can escape. Judging from the global energy transformation trend, given the objective need to reduce greenhouse gas emissions, fossil energy, including oil and gas, will gradually withdraw from its dominant position in the energy market. This is an unavoidable trend.
Challenge 2: How to deal with the “double carbon” goal.The w88 login government has set the goals of carbon peaking in 2030 and carbon neutrality in 2060, which are the "double carbon" goals. In the process of realizing the "double carbon" goal, China does face many problems, such as the security and stable supply of energy, the operational stability and flexibility of end-use consumers (such as power grids), the resource potential and distribution mechanism of non-fossil energy, and so on. It can be said that there is no consensus. Achieving the "dual carbon" goal is a "curse" for the long-term development of the entire country and various industries, and this constraint is a hard constraint that w88 login oil companies must also face.
Challenge Three: How to achieve transformation and development.In order to cope with global climate change and how to achieve the "double carbon" goal, fossil energy is about to gradually withdraw from its dominant position in the global energy market and must be replaced by other energy sources. In other words, non-fossil energy will definitely become the dominant energy source in the global energy market. In this context, w88 login oil companies must implement transformation and development strategies. As for how long it will take to realize the transformation, it depends on the strength of the country's policies to promote the realization of the "double carbon" goal and the timetable for the withdrawal of fuel vehicles from the market.
w88 login petroleum companies face unprecedented development opportunities
The soul of an enterprise lies in exploration and progress. Although w88 login oil companies are indeed facing unprecedented severe challenges, they are also facing unprecedented development opportunities. w88 login oil companies must look at the general trend and the future, and move with the trend rather than against it. The key is how to seize future development opportunities.
One of the opportunities: Restructure the oil and gas industry chain and extend new business space.There may be a timetable for fuel vehicles to withdraw from the market, but there is no timetable for oil and gas to withdraw from the market. Although the path of oil and gas utilization can be changed, there will always be a path suitable for the extension of the oil and gas industry chain. Judging from the trend, the oil and gas industry is bound to move towards a new path of crude oil-chemical raw materials-chemical products-new materials. In other words, the future transformation of the oil and gas industry will definitely break the traditional industrial chain that mainly uses oil and gas as the driving force for transportation, and transform into a new industrial chain that uses oil and gas as chemical raw materials, chemical products and new materials.
Opportunity 2: Give full play to the advantages of traditional industries and promote the integrated development of oil and gas and new energy.In order to implement transformation and development, w88 login petroleum companies can actively promote the integrated development of oil and gas and new energy in the future, give full play to the advantages of the existing traditional oil and gas industry development, actively expand industrial development and business space, vigorously develop new energy industries including wind, solar, geothermal and hydrogen energy, build a clean energy supply system, and contribute to the country's "double carbon" goal.
Opportunity Three: Continue to expand business development space in response to future transformation trends.w88 login petroleum companies should make efforts to develop the new materials industry in the future, actively continue to move towards the mid-to-high-end fields of the oil and gas industry chain, and achieve high-quality development of new and new materials industries and businesses. It is necessary to steadily promote new businesses such as CCUS, actively build a 10-million-ton carbon displacement oil carbon storage super energy basin, and accelerate the large-scale development of this industry. It is necessary to actively develop new industries and new business formats, accelerate the establishment of a new technology research and development system, effectively improve core competitiveness, enhance core functions, achieve major technological breakthroughs as soon as possible, develop and produce "double carbon and three new" related equipment, actively deploy emerging industries such as carbon assets and carbon finance, and actively implement green and low-carbon transformation strategies. Accurately grasp the direction of future development, clarify the goal positioning of comprehensive international energy companies, do a good job in cultivating and introducing talents in strategic emerging industries, and effectively improve the quality of development and competitiveness.
How w88 login oil companies face challenges and opportunities
In order to face challenges and opportunities, w88 login petroleum companies need to focus on future transformation strategies, actively adapt to China's future economic and social development needs, combine their own advantages and development needs, actively take effective measures, and do the following work.
Continuously strengthen the party’s leadership.The party’s leadership is the fundamental guarantee for China’s petroleum enterprises to achieve transformation and development, is the key to achieving sustainable and healthy development of enterprises, and is the soul and core of achieving transformation goals. Only by adhering to the leadership of the party can we ensure that w88 login petroleum companies always maintain the correct political direction, formulate transformation strategies that are in line with national strategies and industry development trends, and lead the transformation and development of enterprises.
Continue to improve and improve the corporate governance system.For China Petroleum Corporation, the continuous improvement and improvement of the corporate governance system determines its position in market competition and the direction of future development. w88 login petroleum companies need to continuously improve and improve decision-making mechanisms, risk prevention and control mechanisms, operating mechanisms and incentive mechanisms. Among them, improving scientific decision-making capabilities is the core of improving and perfecting the corporate governance system. Improving scientific decision-making capabilities means grasping the pulse of the market more accurately, using resources more efficiently, promoting transformation and development more innovatively, and ensuring the scientificity and rationality of the decision-making process.
Actively promote and develop new productive forces.New productivity refers to a new type of production capacity with high efficiency, high added value and sustainability formed on the basis of traditional energy industry through technological innovation, management innovation, model innovation and other methods. For w88 login petroleum companies, developing new productive forces is the key to achieving transformation and upgrading, and it is also the only way to achieve transformation and upgrading.
Strive to promote high-quality development.High-quality development requires w88 login petroleum companies to achieve a leap in transformation and development: first, clarify development strategic goals and ensure consistency with national strategies; second, deepen internal reforms, optimize management structures, and improve operational efficiency; third, promote industrial upgrading and structural optimization; fourth, strengthen human resource development and management, implement the strategy of strengthening the enterprise with talents; fifth, actively participate in international cooperation and competition, and enhance international influence.
Actively promote digital transformation.As the digital wave sweeps the world, w88 login oil companies need to actively promote digital transformation to improve the modernization level of transformation and development. Digital transformation is not only a technological innovation, but also an inherent requirement for transformation and development. It is both a challenge and an opportunity. Through digital transformation, we can promote the modernization, scientificity and efficiency of transformation and development.
Actively fulfill the three major corporate responsibilities.w88 login petroleum companies need to focus on fulfilling three major responsibilities, namely economic responsibility, social responsibility and ecological environmental responsibility. This is not only the need for their own development, but also an important symbol of transformation and upgrading. w88 login petroleum companies must not only ensure their own transformation and development, but also assume social responsibilities, including ensuring the supply of energy for people's livelihood, promoting employment and local economic development, promoting social harmony and stability, actively participating in social welfare undertakings, supporting the development of education, poverty alleviation, environmental protection, etc. They must also adhere to the concept of green development, strictly abide by ecological and environmental protection laws and regulations, and strengthen pollution prevention and ecological restoration.
（The author is the Executive Dean of the China International Carbon Neutral Economic Research Institute, w88 casino）
