Hear from a legendary energy expert on challenges of energy transition and the role of the United States as the engine of innovations. Interviewed by visionary leader Lord John Browne.
COP24 achieved a rule book to implement the Paris Agreement but left a massive gap between pledged actions and Paris targets to limit increases in global temperature. How sure are we of what needs to be achieved? Where can we find the biggest gains for emissions reductions—from carbon sinks to carbon sequestration? What incentives are needed to stimulate private investment in solutions and R&D?
The idea of an energy transition to a low-carbon world has now gone mainstream. The combination of concern about the risks of climate change and focus about new clean technologies has captured the public attention, the interest of the general press, and some of the political dialogue in almost every country. For companies in the energy business, this has brought pressure in the form of shareholder resolutions, and calls for divestment from fossil fuels. This pressure is coming from major investors. Is money moving into low-carbon investments? Will the shift in sentiment constrict ability to invest in oil and gas and lead to higher prices? How should companies respond?