Global transition to renewable energy is a complex ESG journey

Soaring energy prices highlight the challenges of shifting toward renewable power sources.

The continuing need for oil and gas during the transitional phase raises complex questions about balancing environmental needs and social concerns on the journey to a net-zero world. The energy sector generates around three-quarters of greenhouse gas emissions today. It is clear that renewable energy sources are the world's only effective long-term solution to global warming. But, the energy price spike is pressuring businesses and consumers. If current trends continue, we believe similar price spikes will recur. And if policymakers and investors fail to plan the journey to a renewabl...