Countries and companies have less than 30 years to reach net zero
Outlook 2022: Financing the countdown to net zero
Investor interest in financing the energy transition is strong, but availability of capital often hinges on the maturity of each market segment, while the time needed to realise returns is challenging
Counting down to net zero is proving surprisingly challenging, and the challenge is intensified by the requirement for a just transition where resources are mobilised to reduce CO₂ emissions efficiently. This should be seen in light of other sustainable development goals, as it is clear from UN’s Energy Progress Report that access to energy enables people to live more comfortably and achieve more. There is no one-size-fits-all solution given the wealth disparities in the world. We cannot impose Western standards and requirements on developing countries which did not get a chance to take advantage of the growth opportunities presented by a healthy energy landscape. Our energy transition plans
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EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
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Carbon capture, utilisation and storage needs stable policy, investable frameworks and coordinated infrastructure if it is to be developed at scale
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The two Gulf states are combining fossil fuel production with ambitions to become leaders in low-carbon energy
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Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
