C-MACC Weekly Sustainability and Energy Transition Report
The Walk Back Trend – The Implications Are More Fossil Fuels for Longer
- 1st Topic of the Week: As the trend of backing away from sustainability targets continues, stakeholders need to think through the consequences – one of which is where the energy shortfalls will come from. Also, will those who can supply renewable/green products have pricing power or will mandates also pull back?
- 2nd Topic of the Week: Despite the general pullbacks, companies continue to showcase progress, but it falls into two buckets, incremental moves that are affordable or bold moves that look both risky and expensive. It is projects that are in the latter category that are getting delayed.
- Otherwise: We look at the ambitious margins in Eastman’s PET recycling plans, where the ammonia companies can work with 45Q, power storage, biofuels, the Air Products/Linde contrast, and why the oil companies need to be allowed to consolidate.
Exhibit 1: This IEA estimate from 2021 suggests $4 trillion per annum, UCTAD suggests something closer to $6 trillion and McKinsey is at $9.2 trillion – no one really knows but the estimates keep rising.
Source: IEA
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