Reaching net-zero carbon
Are renewables up to the task set by the Paris Agreement?
When 195 nations approved the Paris Agreement in December 2015, they were setting a course for a long-term transformation of the world's energy systems, with the stated goal of achieving net-zero emissions by the second half of this century. Underpinning their confidence in the aims of the Agreement was the explosive growth of zero-carbon sources of energy, especially the spread of renewable power to most corners of the global economy. Indeed, energy headlines have been full of references to the shrinking costs and increasing competitiveness of solar and wind power; and recent evidence that in some parts of the world renewable electricity is now competitive with fossil fuel-fired power on a
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Net zero is not the problem for the UK’s power system. The real issue is with an outdated market design in desperate need of modernisation
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The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
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Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
