Proposals to extend the commitment at COP26 to phase-down coal, oil and gas failed to find a consensus at last November’s COP, placing the emphasis on consumers to reach decarbonisation targets.

A group of major investors led by activist shareholder Follow This have filed climate resolutions at four Big Oil companies.

Denmark has introduced a CO2 tax in a bid to support the goal of 70% CO2 reductions by 2030 and to help speed up the energy transition such as the expansion of offshore wind power.