The CEO of BP has denied claims that linking job cuts to the energy transition is "greenwashing with a new brush".
SVPs for strategy of Edison International & NRG Energy join Reuters Events ‘Reshaping Energy’ webinar
Reuters Events - today announced the second episode in a new three-part broadcast on Energy Transition. The future energy system will mark a radical overhaul of the energy business ecosystem, with traditional industry diving lines set to be blurred. Speed and timing will be crucial for those looking to stay on the right side of the transition.
It is almost impossible to underestimate the impact of the Covid-19 pandemic. Not only have 13-million-plus cases of infection and more than 570,000 deaths been reported [July 2020], but the virus is still with us and it is still killing people in many parts of the world. Uncertainty about the future is high, despite moves towards reopening economies and success by some nations in bringing the virus under control within their borders. The uncertainty is compounded because many nations are still facing rapid growth in infection rates.
Stakeholder pressure, falling unit costs, a heightened sense of moral and social responsibility (perhaps) - if you had asked observers six months ago to list the factors they deemed responsible for driving the energy transition, these are, inter alia, the responses you may have received. Whilst the varying importance of the converging forces behind the recent surge in net-zero commitments has and will continue to be debated, one thing is for sure - a global health crisis would not have been top of the list.
For the previous few centuries, humans have been burning through fossil fuel reserves with somewhat reckless abandon. Yet in the 2020s, and based on extensive peer-reviewed research, we make five big and bold predictions linked to the future of energy systems and the social infrastructures that need them. The full report call be accessed via Reuters Events Energy Transition News and Content Hub, via the Energy Transition Report & Whitepapers section.