There remains a narrow window of opportunity for timely action to address the climate crisis and still meet the Paris Agreement targets. The necessary transition from fossil fuels to low-carbon energy sources will require massive and sustained levels of investment in renewable energy, increased electrification, the development of electrofuels such as clean hydrogen, and carbon capture and storage to capture emissions that cannot be prevented. At the same time, the vulnerability of energy systems has been recently highlighted with price spikes, the more frequent occurrence of significant climate events and the impacts of heightened geopolitical tensions on energy security.
Read the Clifford Chance report to learn more about the Energy transition trends 2022.
