Oil companies and the energy transition

Renewable energy technologies have experienced a breakthrough in recent years, and their deployment has continued to rise despite the uncertainties of the COVID-19 crisis. Similarly, the surge in climate-friendly commitments and the pressure to accelerate the energy transition from investors, consumers and governments have intensified since the outbreak of the pandemic. A rising number of countries have been complying with the decarbonisation targets agreed to in the Paris Agreement, as well as setting pledges to reach net-zero emissions by mid-century.

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