As the price of natural gas reached record highs in the UK and Europe—trading at the equivalent of $200 per barrel of oil, and as economic activity in China has been curtailed by the country’s power supply crunch, central bankers and policymakers from across the globe are forced to confront significant challenges to price stability, with […]
Tag: Energy Transition
CMCC writes: Over 12 million people work in the coal, oil and natural gas industries today. However, to keep global warming well-below 2°C, a target enshrined in the Paris climate agreement, all three fossil fuels need to dramatically decline and be replaced by low carbon energy sources. Such a shift in energy systems would have […]
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(India) Energy transition in India
SARTHAK SHUKLA writes for Observer Research Foundation (ORF): Recently, the Indian oil refining giant of Reliance Industries announced its mega plan to invest US $10.1 billion in green energy over the next three years to achieve the net-zero target of carbon-neutrality. This has further pushed forward the debate around efforts to address climate change by transforming our energy […]
Maciej Kolaczkowski – Community Lead, Oil and Gas Industry, World Economic Forum / Pedro Caruso – Managing Director, Global Head of Oil & Gas Downstream, Accenture / David Elizondo – Senior Manager – Strategy, Accenture Policies and measures to achieve net-zero emissions will have a profound impact on the oil and gas sector, both in […]
Sean Fleming Europe is a leading source of energy-related innovation, according to a new report. Electric vehicles are one of the main drivers of change. While patents relating to renewables like wind, solar, hydro or geothermal have been falling since 2012. https://www.weforum.org/agenda/2021/05/technology-enabling-energy-transition/
Angela Picciariello The Paris Agreement sets a goal of limiting global warming to well below 2°C, preferably close to 1.5°C. To achieve this, global emissions need to be reduced – and quickly. They must drop to 26 GtCO2e in 2030, which means roughly halving current levels over the next 10 years. That’s why now, more than ever, we […]
As countries continue their progress in transitioning to clean energy, it is critical to root the transition in economic, political and social practices to ensure progress is irreversible, according to the World Economic Forum’s Fostering Effective Energy Transition 2021 report. The Energy Transition Index, which benchmarks 115 countries on the performance of their energy systems, […]