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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.
Decarbonisation of the energy system, from a hydrocarbon-based to a sustainable, low-carbon energy system poses an existential threat to the oil and gas industry. On the other hand, it presents oil and gas companies with new portfolio opportunities to build adjacent businesses, shape and participate in new markets, and drive new sources of value from existing assets and capabilities.
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.
2020 saw a number of significant developments in the local energy space and, while this sector generally tends to shift relatively slowly, 2021 is likely to bring with it some of the most progressive changes in South Africa’s energy arena.
Almost any stock with a decent hydrogen angle performed well in 2020. So, what is all the excitement about, and are these stocks in a bubble? Renewable energy can and will decarbonise power generation. Renewable energy and batteries can and will decarbonise the automotive sector.
We are excited to announce the release of the African Energy Outlook 2021. The report explores the forces shaping up the continent’s energy market after the historic shocks of 2020, and analyses the upcoming recovery on the back of the global energy transition and persisting market uncertainties.
All over the world, interest in hydrogen as a vector for clean energy is growing, as industries and governments investigate and implement national decarbonisation strategies. With the rapid growth in renewable electricity and falling costs of wind and solar power, the opportunity to produce zero carbon hydrogen has caught the attention of global energy players.
The COVID-19 pandemic and subsequent lockdown saw a number of measures implemented to provide financial relief to South African individuals as well as businesses. One such measure was the deferment of the Carbon Tax deadline from the end of July 2020 to the end of October 2020 for Phase 1 contributors.
Although South African attempts to address climate change have been lambasted for being highly insufficient – the most recent Schroders Climate Progress Dashboard has revealed a slight improvement at a global level.