Coal and gas production will exceed pre-pandemic levels in 2021, with oil set to do so by 2023, according to current trajectories.
Oil and gas
More than 100 of the world’s most polluting companies have established net-zero targets following a rise in investor pressure from campaign group Climate Action 100+, reveals an analysis from BloombergNEF.
Fossil fuel markets are becoming more unstable due to both geopolitics and the energy transition. Meanwhile, new technology means 'variable' power supply does not have to be 'unreliable'.
The EU and US have come forward with a pledge to cut global methane emissions by at least 30% by 2030. Other large emitters are signing up.
Average flaring intensity per barrel is at its highest in five years – even as the IEA's Sustainable Development Scenario says it must fall 90% by 2025.
Climate activists are using courts to hold big emitters accountable. Landmark successes in recent months suggest this trend is set to continue as the imperative to slash emissions and ditch fossil fuels grows ever greater.
Thousands of new power plants, pipelines, LNG terminals and extraction fields reveal investment strategies laden with climate and financial risk.
More and more jurisdictions are introducing carbon taxes – but continuing to allow oil company tax avoidance reveals only a half-hearted commitment to the energy transition.