As nations around the globe continue to grapple with the effects of climate change, the enormous appetite for oil and natural gas is locking horns with the ever-increasing desire to transition away from fossil fuels and move to low-carbon and green energy to avoid treacherous high-emission currents and navigate decarbonization waters for safe sailing to a net zero future. While some of the climate action undertakings threaten to make coal, oil, and gas obsolete, a reality check shows that the world is not closing in on the Paris Agreement goals, as fossil fuels still hold sway over 80% of the global energy mix while renewables control 20%.
