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world that runs on green energy : Ørsted ’ s vision for the energy transition
The notion of purpose cannot be understated . Leaders must articulate their energy-transition goals and demonstrate a commitment to deliver on promises made .
“ Doing so is not just the right thing to do . It ’ s what consumers expect . Accenture research revealed that almost two-thirds of consumers are eager for companies to take a stance on issues ,” writes Julie Sweet , CEO , Accenture , and Patrick Pouyanné , CEO , Total Group .
Leadership on carbon taxes and creating ‘ ambition loops ’ The effects of carbon taxes on trade and competitiveness require cooperation between governments and between companies and governments , to ensure efficient and fair pricing of carbon across the global economy .
However , the acceleration of climate action and the shifting of trade flows away from fossil fuels to cleaner technologies could disrupt existing geopolitical alliances and reshape global power dynamics .
To turn decarbonisation ambitions into climate action that is resilient to political cycles , countries such as the UK have embedded net-zero emissions targets into law . This legal foundation and the UK ’ s stable climate policy framework have the effect of stimulating the investments required to convert commitment into action .
Reforms of global trade agreements – including the reduction of trade barriers , reduction of fossil fuel subsidies and the facilitation of global technology transfers – will help ensure that emerging markets can access new energy technologies in an equitable and affordable way .
Nigel Topping , UK High Level Climate Action Champion for the UN ’ s COP26 climate summit , writes in another section : “ The more ambition political leaders demand , the more
48 April 2022