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Sam Fenwick, podcast host, talks to representatives from Equinor and Cresent Petroleum about their plans to transition away from fossil fuels. The leader of COP 28’s Greenpeace delegation shares their perspective on the agreement. The podcast also discusses the significance of climate talks, the role of natural gas in enabling renewables, and the need for regulation in managing the transition of oil and gas companies.
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Quick takeaways
- The COP 28 climate talks agreed on a transition away from fossil fuels, signifying a significant step towards cleaning up the polluting energy system.
- Fossil fuel companies like Crescent Petroleum and Equinor acknowledge the need for decarbonization while still meeting the global demand for energy, investing in renewables and low carbon solutions.
Deep dives
Transition away from fossil fuels in an orderly manner
The final agreement calls on countries to transition away from fossil fuels in an orderly and equitable manner. Oil producing nations and emerging economies objected to the term 'phase out' and instead agreed to the term 'transition.' This agreement marks a big step towards cleaning up the polluting energy system.
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