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Florence School of Transnational Governance

Will oil and gas money help to reach Net Zero by 2050?

As the COP27 climate summit takes place in Egypt, STG Climate’s Jan Cornillie dissects the role of oil and gas majors in reducing carbon emissions.

09 November 2022 | Video - Event - Research


The number of countries announcing pledges to achieve net zero emissions over the coming decades continues to grow. But the pledges so far fall short of what is required to bring global energy-related CO2 emissions to the global goal of net zero by 2050.

In a YouTube lecture, Jan Cornillie looks at how oil and gas majors could use the estimated 2 trillion extra profits during the energy crisis to help achieve net zero.He zooms in on three dimensions:

  • Will oil and gas companies stick to their corporate commitments?
  • Will hydrogen become a breakthrough renewable energy source?
  • Will sustainable finance rules of the EU and other governments push for the reallocation of capital to green investment?

Cornillie examines European sustainable finance rules in more detail in a new STG Policy Brief: “Can the European sustainable finance rules improve the integrity of voluntary carbon markets?”

Jan Cornillie - Oil and gas money on the way to Net Zero

Will oil and gas money help to reach Net Zero by 2050?

Last update: 09 November 2022

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