[00:01] It is eight years since world leaders gathered in Paris for what was supposed to
[00:05] be a landmark agreement to tackle global warming,
[00:09] and we are fast approaching 2030,
[00:12] which should have been the first staging post to reaching net zero by 2050.
[00:18] Since then,
[00:19] the priorities of policymakers have been defined by short-term shocks.
[00:25] Although the Paris Agreement promised a new approach to energy policy,
[00:29] the focus on energy security is shifting the balance of the energy trimmer.
[00:35] The rise of protectionism and emphasis on energy security is leading to many regions turning to renewables.
[00:42] Whilst some continue to rely on domestically produced fossil fuels, solar and wind continue to grow.
[00:49] Although uptake is being hindered by supply chain disruption, permitting issues,
[00:56] and grid infrastructure bottlenecks,
[01:04] and even if governments committed to a low carbon future licenses continue to be granted for new oil and gas fields.
[01:09] Where does this leave the energy transition?