Energy transition and emerging markets

The shift away from hydrocarbons and towards sustainable forms of energy continued in 2021, with new renewable generation capacity set to reach an all-time high and the international community committing to reduce carbon emissions at the latest UN Climate Change Conference (COP26).

For emerging economies, this transition heralds a specific set of challenges – as well as potential benefits.

• – This year to set an all-time record for new renewable generation capacity
• – Emerging markets have a key role to play in the global shift to net zero
• – Energy transition heralds specific challenges and benefits
• – COP26 highlighted the need for an equitable approach to decarbonisation

This has been a pivotal year for the global energy transition.

In mid-May the International Energy Agency (IEA), a Paris-based intergovernmental organisation, released the “Net Zero by 2050” report, the…