Achieving net zero emissions by 2050 requires large and relatively rapid declines in oil and gas consumption, led by the transport and energy sectors, along with the widespread deployment of carbon capture technologies in heavy industry. That's according to analysts at BMI, Fitch Solutions, in a new report recently sent to Rigzone. "While net-zero paths can take myriad forms, there is no path in which demand for oil and gas has not fallen sharply, emissions in the supply chain have not been dramatically reduced, and carbon capture and storage has played no role," the analysts said. stated in the report. One potential path to net zero highlighted in the report sees demand falling by around 75 percent, "led by the transportation, energy, residential and commercial sectors." Industrial demand remains relatively resilient in this regard, but carbon capture technologies are widely deployed downstream, the analysts outlined. (Andreas Exarcheas)