Energy Transition: Going Fast or Going Slow?
Worldwide CO2 emissions appeared to decline last year with the onset of the pandemic, boosting the industry’s contribution to the energy transition and net-zero agenda. But figures today show that any reduction was short-lived. It remains unclear what lies behind the temporary decrease over the last 18 months. Atul Arya, Senior Vice President and Chief Energy Strategist at IHS Markit, shares his insights on energy transition dynamics in this Executive Conversation, conducted as part of IHS Markit’s Chemical Leadership Circle. What elements of the energy transition have the strongest impact? How important are developing nations' energy strategies to global carbon management efforts? What challenges lie ahead for companies to meet their critical 2030 targets?