A key priority for 2021 is accelerating action on climate change to help us create a greener, cleaner energy future. Here our CEO John Pettigrew outlines why this year is set to be pivotal to addressing the climate challenge and building back better from the COVID-19 pandemic.
Last year will be remembered in all sorts of ways. When it comes to climate change, the political and business will for taking action was strong and growing. Targets have been set, commitments announced and investment plans and roadmaps drawn up. There are clear ambitions to make progress in zero-carbon technologies, such as CCUS ; all backed by strong consumer support to shift to clean energy .
Accelerating action on climate change now hinges not only on consensus among nations, governments, business, regulators and consumers on how to achieve this goal, but with demonstrable action on the ground.
I know we have an important role to play in the delivery of a cleaner future, which is why the energy transition and reaching
net zero
are top of our agenda. Our continued work to
connect more renewables to the electricity grid, create charging infrastructure in the US and UK to enable wider
adoption of electric vehicles
, and develop and deploy new decarbonisation technologies, are all critical to this.
As we look ahead, here are five key things I think we need to watch for this year:
1.The UK’s ten-point plan
After this was announced at the end of last year, we expect to see focused efforts from the UK government on delivery and investment against each of its stated climate ambitions.
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2. Technology
With huge amounts to achieve this year, there will no doubt be continued developments and investments in
zero-carbon technologies, connecting up the vast growth in
offshore wind
and accelerating the transition to electric vehicles.
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3. COP26
There will be momentum building in the lead up to
COP26
. We’re already seeing this, with ambitious announcements from Japan, South Korea and China towards the end of last year, and I think it will continue to be a driver for global change. As a Principle Partner for COP26, we will be playing our part to show how
we can achieve net zero with the technologies and opportunities we have today.
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Delivering
clean energy will be at the heart of the US government as the world expects to see the US re-join the
Paris Agreement
once Biden assumes presidency. With $2 trillion investment earmarked to revitalise the US energy sector, turbo charge the green economy and tackle climate change, we wait in anticipation for action in support of renewables.
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As economies are rebuilt in the wake of COVID-19, ensuring a green recovery, with an emphasis on
jobs and skills for the future
, will achieve a better result for all.
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I’m acutely aware that we need a long-term policy and regulatory framework that will drive necessary private sector investment in energy infrastructure. This is critical to ensure both a green economic recovery and a fair and just transition. W ithout the right investment, progress towards net zero could stall and, in 2021, that’s simply not an option with so much at stake.