Oil & gas in pursuit of the energy transition, part 1: Net zero and the trilemma
In the first part of the fifth chapter of our history of oil and gas, we move the story on to the climate crisis and push for net-zero carbon emissions
The COP28 meeting launched a number of initiatives, most of which will have important impact on the greenhouse gas (GHG) emissions. For example, the Global Renewables and Energy Efficiency Pledge commits the signatories to triple the world’s installed renewable energy generation capacity and double the global average annual rate of energy efficiency by 2030. In the oil and gas (O&G) sector, 52 countries signed an O&G Decarbonization Charter, committing to net-zero operations by 2050 at the latest and ending routine flaring, resulting in near-zero upstream methane emissions by 2030. If governments fully implement their pledges, the “oil and gas demand would be 45% below today's leve
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
