New energy shift strategy amid resurgence of oil costs| MENAFN.COM

Tuesday, 17 May 2022 07:29 GMT

New energy shift strategy amid resurgence of oil costs


(MENAFN) According to a recent analysis released on Thursday by Carbon Tracker, a guarded planned strategy for the energy shift; which is necessary for the midst of soaring oil costs, which may lure oil and gas firms to pursue long investment decisions that jeopardize climate aims and cost investors significant amounts.

The study called, Managing Peak Oil: Why Rising Oil Prices Could Create a Stranded Asset Trap as Energy Transition Accelerates, looks at the fiscal consequences of a future in which oil consumption grows until the mid-2020s, then dramatically declines.

According to Carbon Tracker, the report examines a non-linear requirement procedure utilizing the Forecast Policy Scenario (FPS) of the Inevitable Policy Response (IPR) conglomerate, which was originally created by the United Nations' Principles for Responsible Investment, and is reliable specifically with the restricting worldwide temperature upsurge that hit 1.8°C.

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