Despite the significant progress made in connecting the world’s population to the grid, nearly two billion people globally do not have access to clean cooking fuels.
As the world races to decarbonise, oil and gas firms are under intense scrutiny for the greenhouse gas emissions associated with the hydrocarbons they produce.
Talk of the energy transition and the need to decarbonise tends to focus on production, but the other side of the equation - demand - must not be forgotten.
“I don't know anyone who thought this transition would be quick and easy, right? I mean, we're talking about the transformation of global energy systems on a massive scale. We've never done this before and we have to get moving quickly,” Cahill explained.
“Energy transitions will play out in different ways, and that means investing in different projects at different stages in different parts of the ecosystem,” Storch noted.
