May 25, 2021

Top 10 Markers on Net Zero Roadmap

3 min
NetZero
Oil
Decarbonisation
10
2020s: No New Oil or Gas Fields Approved for Development

The fossil fuel clampdown is tightening: the report states there should be no new oil and gas fields approved for development and no new coal mines or mine extensions. The unwavering policy focus on climate  change in the net zero pathway results in a sharp decline in  fossil  fuel  demand,  meaning  that  the  focus  for  oil  and  gas  producers  switches  entirely  to  output  –  and  emissions  reductions  –  from  the  operation  of  existing  assets. 

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