22 November 2020

PE Live: International rivalry a major threat to climate fight

A scenario where countries jockey for economic advantage would undermine the ability of the world to tackle global warming

Uncertainty will characterise the energy transition over the next two decades, and among the most critical unknown factors is the extent to which international cooperation can be achieved, the panellists on a PE Live webcast agreed on Wednesday. While consultancy Deloitte, UK major BP and Norwegian energy company Equinor each model several possible energy transition scenarios according to their own bespoke methodologies, they are united in identifying a damaging potential situation where international rivalry hinders efforts to decarbonise. “The degree of global collaboration, and the nature of global collaboration, is going to be fundamental to how the future of energy unfolds,” says Geo

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