The importance of climate change litigation is growing as a means of promoting effective action on climate change, and cases against oil and gas companies are a particular focus, according to new research.
Wood Mackenzie makes five key points that governments and business should consider as they grapple with the twin challenges of energy security and meeting emissions reductions targets.
The UAE, which was the first Middle Eastern country to announce a net zero emissions target by 2050 and will host the 2023 UN-led climate conference, sees itself at the forefront of the regional energy transition.
Saudi Aramco says it hopes to achieve net zero SCOPE-1 and SCOPE-2 greenhouse gas emissions across its fully owned operations by 2050, but warns that achieving this in less than three decades will not be easy.