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 Geoff

Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
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
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