Five trends that will cut global emissions in 2021

Climate change really hit the top of the agenda for commodities in 2020. Not even the coronavirus-driven collapse in demand could stall the increasing global focus on tackling carbon emissions. If anything, the pandemic may have given energy and metals producers a glimpse of the challenges that lie ahead in a low carbon future. It certainly highlighted the need for resilient business models and economies.

Around the world, companies and governments have shifted their net zero commitments up a gear. Ambitious targets have been set. Carbon pricing has accelerated. And renewables have grown in importance in many oil and gas companies’ portfolios, and as a power source for mining.

How will this momentum build in 2021? Which trends will gain the most traction, and have the greatest impact on emissions? Wood Mackenzie has set out our predictions in Emissions: 5 things to look for in 2021.

What’s in the full report?

• COP26 will focus attention on climate commitments
• Technological innovation will help cut extraction emissions
• Reporting requirements will ramp up
• Green credentials will become a selling point for commodities
• Energy and mining companies will divest and diversify to manage emissions risk

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About Wood Mackenzie

Wood Mackenzie, a Verisk Analytics business, is a trusted source of commercial intelligence for the world’s natural resources industry. Our insights span across oil and gas, power and renewables, chemicals and metals and mining sub sectors.

We empower clients to make better strategic decisions, and provide objective analysis and advice on assets, companies and markets.

Our success has always been underpinned by the clear and simple principle of providing trusted research and advice that would make a difference to clients. This was true when the first oil report was published by our analysts in 1973, and remains just as relevant to us today.

So much so that, over the past four decades, we have drawn upon our heritage to create a global research and consultancy business that has grown alongside the needs of its clients.

Our expert analysts and consultants have connected us to some of the most significant events of our time – creating insight for governments, boards and CEOs who have helped shape the future of the world’s natural resources industries and their impact on society.

We provide research and consultancy to over 2,000 clients spanning the natural resources sectors. Our clients range from the largest global businesses to smaller specialists.

Today we are part of the Verisk family which has broadened our data and analytics platform and strengthened our ability to provide intelligence that helps drive growth and serve thousands of industry market leaders.

What endures is our focus on delivering excellent, forward-looking research, which underpins the analysis and advice we offer, and the knowledge that our success is intrinsically linked to the needs of our clients’.

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