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BP softens emissions goals in push for ‘orderly’ transition
Oil and gas major revises down scope three targets as it plans slower reductions in oil and gas production to 2030
Deep emissions cuts drive CCUS to emerging economies – BP
India and China lead CCUS deployment under optimistic emissions reduction scenarios set out by oil major
Shell delivers first cargo under Giignl green LNG rules
Cargo shipped from Gorgon project to Taiwan is first to verify GHG-neutral status using guidelines set by International Group of Liquefied Natural Gas Importers
Voluntary market set to embrace removals
Carbon-removal technologies to gain market share as companies fret over quality of credits generated by avoidance projects, according to Shell and BCG
Shell to test new CCS technology
Tests will be carried on industrial flue-gas sources from Equinor’s refinery at Mongstad
SAF ‘most viable solution’ for aviation in short term – Shell
The oil major aims to scale up SAF production to help the aviation industry decarbonise
Energy sector carbon emissions to peak in 2025 – IEA
New policies in the EU, the US and China will cause emissions to peak this decade, the first time this has been forecast in an IEA Steps scenario
Global carbon emissions set to rise in 2022 – IEA
World on course for 33.8bn t of CO₂ emissions this year, but major deployments of renewables and EVs have slowed rate of increase
BP announces $4.1bn Archaea acquisition
The oil major aims to expand its presence in the US biogas industry
Energy transition a ‘massively complex’ challenge – van Beurden
Shift to clean energy will take decades, but Shell has the skills to make it happen, outgoing CEO says
Fatih Birol, executive director of the IEA
BP IEA Irena Shell
Vincent Lauerman
19 July 2021
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Mission net zero – part one: costs

First in three-part Transition Economist series looks at the cost of the global energy transition and the magnitude of the work required

Governments and organisations around the world have set net-zero targets over the past year in line with the goals of the Paris Agreement. This has led to a number of 2050 net-zero scenarios being developed—including by the IEA, Shell, BP and the International Renewable Energy Agency (Irena). But to achieve net zero by 2050 will require a massive transformation of the global energy system, according to Fatih Birol, executive director of the IEA. “The world has a huge challenge ahead of it to move net zero by 2050 from a narrow possibility to a practical reality,” he writes in the IEA’s net-zero report. This three-part series for Transition Economist will aim to determine how realistic this ‘

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EU’s binding CCS targets: A burden or a blessing?
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
Brazil eyes leadership role in global carbon market
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
EU proposes 90% 2050 climate target
3 July 2025
European Commission introduces new flexibilities for member states to ease compliance with headline goal
Greater Mekong taps carbon market growth
1 July 2025
Supportive government policy, deforestation threat and economic opportunity drive forward the region’s monetisation of forest carbon

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