John Haining

I think the traditional voluntary carbon market has started to descend and will, at least momentarily, crash and burn. In its ashes, the high-quality CDR market slowly rises. It is nothing to applaud since we need much more money flowing into avoided deforestation and decarb 1/6

The IEA says priorities to 2030 are: 1. Double energy efficiency 2. Triple renewable capacity Last week, the COP delegation put both on the table. This is an awesome proposal. Why is no-one talking about this? We need to make sure these are agreed at COP..

I think the big energy transition challenge for oil companies is that they are expected to have high return/high volatility earnings and renewables are mostly good return/low volatility businesses. That kind of change is very hard to execute in either direction.