The energy transition needs greater urgency [Gas in Transition]
The energy transition needs greater urgency [Gas in Transition]
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Natural Gas News
The energy transition needs greater urgency [Gas in Transition]
Summary
What the Statistical Review of World Energy brings out is a clear message that the world must “inject more urgency into the energy transition,” and develop the low-carbon technologies needed to bring emissions down. The good news is that the US and China are back in talking terms, ready to resume cooperation on tackling the climate and emission challenges facing both countries and the world. [Gas in Transition, Volume 3, Issue 8] by: Charles Ellinas
Since 1952 the Statistical Review of World Energy has been providing timely, comprehensive and objective data and analysis of world energy markets from the year before. Its reputation is second to none. It is considered to be the standard reference on the subject. Until last year, the review was prepared and published by BP. But this year responsibility has been passed to the UK Energy Institute (EI). BP continues to publish the companion annual Energy Outlook report that delves into the future and the factors, trends and uncertainties shaping global energy transition. So why the change, especially at a time of escalating energy, environmental and geopolitical crises? The answer may be linked to BP’s change of direction. In February BP announced that it will be slowing its planned cuts in oil and gas, while at the same time it will be scaling back planned renewables spending. In line with other majors, BP plans to produce more oil and gas for longer. With this change in direction, handing the review to EI will ensure the publication’s future independence and its reputation as a source of factual and unbiased energy data. BP will continue to support the new review in the near-term, to ensure continuity, while accounting firm KPMG and consultancy Kearney have become EI’s partners and will also help to fund the publication. Data compilation will be undertaken by the Centre for Energy Economics Research and Policy at Heriot-Watt University. A powerful team to ensure that the review continues to provide an authoritative, comprehensive and objective...
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