With climate negotiations occurring in Paris and clean energy technologies advancing rapidly, how should fossil fuel producer navigate the transition to a low-carbon world? Read our new Carbon Tracker report or my commentary on Entelligent.com.
There is a danger zone above a 2°C scenario where excess capex and CO2 emissions need to be avoided. All energy players have the chance to navigate around this by staying within the carbon budget. This will give the world an opportunity to reach the ultimate destination – a world that has prevented dangerous levels of climate change. Our analysis here focuses on the marginal production between the IEA 450 Scenario and business-as-usual for the coal, gas and oil sectors to 2035.