The latest UN Climate Change Conference, better known as COP26, has seen the eyes of the world firmly fixed on the climate crisis.
The summit has stimulated important conversations in key governmental and commercial circles, with topics spanning everything from securing net zero economies by the middle of the century and keeping the 1.5ºC warming target within reach, to mobilising finance and protecting communities and natural habitats.
However, despite the conference yielding many new commitments, initiatives and agreements, significant challenges remain. As BP’s Statistical Review of World Energy 2021 report states, oil continues to hold the largest share of the energy mix at 31.2%, while coal is the second-largest, accounting for around 27.2%.
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