energy transition Archives - Page 6 of 6

What ‘energy transition’? Global fossil fuel use is accelerating and set to get even worse

April 14, 2021

CNBC LONDON — The world’s dependency on fossil fuels is likely to get even worse in the coming decades, exacerbating the risk of a climate catastrophe as world leaders and CEOs repeatedly tout their commitment to the so-called “energy transition.” Policymakers are under intensifying pressure to deliver on promises made as part of the Paris Agreement ahead of this year’s COP26,

Column: Ensuring the energy transition is equitable

April 8, 2021

Reuters LONDON – Phasing out consumption of fossil fuels in favour of zero-emission sources of energy will cause major social and economic disruption, creating a large number of losers as well as winners. Policymakers have begun to focus on the need for a just or equitable transition to address some of these impacts and broaden political support for ambitious decarbonisation.

Energy transition risks political strife in oil-producing states: report

March 25, 2021

Reuters LONDON – The transition towards green energy imperils oil-producing states that have lagged in diversifying their economies, United Kingdom-based risk consultancy Verisk Maplecroft warned in a report on Thursday. “Algeria, Iraq and Nigeria will be among the first casualties of a slow-motion wave of political instability that will engulf an array of oil producing countries over the next 3-20

Latam lags in energy transition race; urgent needs unmet

March 5, 2021

Reuters MEXICO CITY – As oil majors and developed nations push for a faster transition to clean energy, much of Latin America is struggling just to cover its basic supply needs for fossil fuels, which is forcing some countries to actually rely more on dirty energy sources. Experts speaking at this year’s all-virtual CERAWeek conference said a portion of Latin

Energy leaders grapple with climate targets at virtual CERAWeek

March 1, 2021

Reuters NEW YORK – Global energy leaders and other luminaries like Microsoft co-founder Bill Gates bored in on the tough road to transforming world economies to a lower-carbon future at the kickoff of the all-virtual CERAWeek conference on Monday. Within that, there was a notable bit of tension as some oil and gas executives asserted their primacy, noting the need

State oil firms risk wasting $400 billion as energy transition speeds up

February 9, 2021

Reuters LONDON – National oil companies (NOCs) risk squandering $400 billion on expensive oil and gas projects over the next decade that may only break even if the world fails to meet the Paris climate goals, a non-governmental organisation said on Tuesday. In a new report called Risky Bet, the Natural Resource Governance Institute (NRGI) estimated that NOCs could invest

Pandemic, energy transition to hasten peak in global oil demand: Rystad Energy

November 2, 2020

Reuters OSLO – The COVID-19 pandemic and a faster transition to renewable energy sources will have a permanent impact on global oil demand, Norway’s biggest independent energy consultancy Rystad predicted on Monday. Global demand will likely peak in 2028 at 102 million barrels of oil per day (bpd), down from a pre-pandemic forecast of a peak in 2030 at 106

Energy transitions and zero-carbon targets: Kemp

September 29, 2020

Reuters LONDON – Policymakers in many countries have outlined plans for an ambitious transition from a system dominated by oil, gas and coal in the 2010s to one centred around renewables, nuclear and carbon capture by the 2050s. Experience suggests a significant transformation of the global energy system is possible or even probable by the 2050s, though substantial transformation by

Mark Carney, former Bank of England Governor: How banks are better positioned to deal with downturn this time; why China has less room to act as a global stimulus and how energy transition will move “More and more to center stage” for investors

June 2, 2020

OAG360 Carney speaks with IHS Markit chairman and CEO Lance Uggla for the latest CERAWeek Conversations – available at www.ceraweek.com/conversations Former Governor of the Bank of England and current UN Special Envoy for Climate Action and Finance Mark Carney says governments acted early “with real force and determination” providing effective stimulus in response to COVID-19; that you cannot “wish away systemic risks” like

French half of TechnipFMC split reveals new company name

October 30, 2019

Houston Chronicle Anticipated split will create two publicly traded companies. The French half of Houston and Paris oil field service company TechnipFMC has revealed its new company name months ahead of an anticipated split that will create two publicly traded companies. Created by the July 2017 merger of Paris-based Technip and Houston-based FMC Technologies, TechnipFMC announced in August that the

Gas is Part of the Solution in the Planet’s Energy Transition, Goldman Sachs Strategist Says

July 26, 2019

From CNBC Gas has an important role to play in the global energy transition, according to the head of EMEA natural resources research at Goldman Sachs. Speaking to CNBC Friday, Michele Della Vigna said that, in his personal view, gas was “part of the end solution.” According to the International Energy Agency, natural gas supplies 22% of energy used globally.

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