Tag: Cameron Tandy

Miners are stepping up to take a more prominent role in the energy transition. According to the United Nations Global Compact-Accenture Strategy CEO study, about 72% of mining and metals CEOs agree that sustainability issues, including decarbonisation, are 'very important' or 'important' to the future success of their businesses (compared to just 54% across all industries).

Oil and gas companies looking to establish winning positions in the decarbonisation transition and beyond cannot achieve that goal by themselves. They will need the help of their customers, particularly those that are heavily dependent on hydrocarbons, and adjacent sectors, and be part of developing the cross-sectoral actions.

To date, policymakers, regulators, the scientific community and even consumers have had to step in to close the economic gap between the hydrocarbon energy system and the low-carbon system. This transition is an energy system transition, not a supply-centric one, and it is distinguished by placing decarbonisation at the core.

The 'Decarbonisation Transition' is set to introduce an entirely new set of rules, challenges and opportunities. According to our latest research, Decarbonising Energy, from A to Zero, transforming the fossil fuel-based energy system to one that is sustainable and decarbonised is one of humanity’s greatest challenges, and greatest opportunities to make global energy supplies more available and affordable than ever before.

Over the lockdown period, utilities have stepped up, keeping hospitals running and laptops charged. Energy has not been top of mind for consumers during the current pandemic, but in this new operating environment, we cannot ignore what may soon follow and must ensure we continue to work toward sustainable solutions.