Decarbonizing energy in a way that is affordable for all will require determination and a variety of technologies, policies and regulation, writes S&P Global Platts’ global director of analytics, Chris Midgley. Sir David Attenborough is right. If we can act in 2021 it will make all the difference, but the world seems laden by rhetoric. The stickiness of hydrocarbons is huge, but if COVID-19 has taught us anything it is that change is possible and it needs to be led by the hydrocarbon and energy industry itself as well as consumers, backed up by strong government-led policies and incentives. Despite the tremendous growth of renewables, S&P Global Platts Analytics ‘ most plausible scenario points to fossil fuels still accounting for half of the energy mix in 2050. The world needs to bend the curve, to move from 4 degrees Celsius warming to a 1.5-2C scenario, but it also needs […]