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The Paris Climate Agreement Is Ripping up the Operating Model for Energy Firms
The last month of 2015 was a very significant one for the world, with Paris setting the stage of the largest international climate conference ever. The world's leaders had come together to tackle the overheating of the world and carbon emissions. Global warming and the pollution of our atmosphere that lies at the root is an issue that will affect us all. From the coastal regions, threatened by rising sea levels, to cities suffering from a thick layer of smog, our health, safety and economies are at risk. The environment needs our help to survive if we want the Earth to be a habitable place for future generations.
With the Paris climate deal in place, there is an agenda to curb climate change. The Agreement is a bridge between today's policies and climate-neutrality before the end of the century.
The implications of Paris are to write off fossil-fuel legacy and cut production costs to the bone, which is having a massive impact on the operating models for energy providers.
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