How the world’s largest oil & gas companies are approaching energy transition is evidence that committing to a net zero target is not the only viable path. While industry executives embrace the need for energy transition and recognize the challenges ahead for their businesses, they expect fossil fuel to remain a reliable and affordable part of the energy portfolio far into the future. A practical and realistic approach balances the efficiency and economics of fossil fuels against the anticipated environmental and financial impact. These considerations provide a necessary framework for developing a successful energy transition strategy.
In this SDG White Paper, energy practice leader Sang-Won Kim and co-author Einar Sveinsson discuss the factors that go into a viable strategy and how a decision-focused approach can identify sources of value and strengthen organizational alignment.