CERAWeek 2024 explored strategies for a multidimensional, multispeed and multifuel energy transition. The drive for energy transition is reshaping the competitive landscape for companies and countries – creating new opportunities and risks across the energy value chain. The imperative to reduce emissions has grown in urgency. Yet expectations of a simple linear global transition have been shaken as climate goals compete with concerns over how to deliver economic growth while ensuring energy security, energy access, and affordability. The multidimensional energy transition reflects different realities and timelines by region, technology, industry strategies, the variety of social and political approaches and divergent national priorities in an increasingly multipolar world.
In this edition of the S&P Global Sustainability Quarterly, we take stock of two entwined trends shaping the sustainability conversation in 2024: investor demand for more consistent, comparable and reliable climate-related information and the challenges of decarbonization in hard-to-abate industries.
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