Back in 2021, the International Energy Agency published what it called a landmark report titled “Net Zero by 2050: A Roadmap for the Global Energy Sector”. The report made quite a splash, not least because of the assumptions it involved about oil, gas, .
Barclays pledges to cease direct finance for oil and gas projects, unveiling its first transition finance framework. The plan includes aiding 'sustainable' and 'transition' finance with a goal of $1trn by 2030.