Our climate actions should not stop at our own borders for two important reasons. First, climate change is impacting people in developing countries the hardest. Second, the emissions from our consumer goods are in the country of production, which is often different from the country or even continent of consumption.
We must dedicate enough resources to R&D to bring about the necessary innovations and technological breakthroughs. For example, industrial scale electricity storage would be a game changer for the future of sustainable energy production. Companies and society need to find solutions together to finance R&D.
We at St1 strongly believe that collaboration takes us all further. We have long strengthened our operations through strategic long-term partnerships in various areas and participated in many consortia and partner initiatives that research and promote activities to mitigate climate change.
The energy transition will stay on track if scientists, climate and policy experts, together with organizations, constructively join forces and each party makes its own unique contribution to the collaboration. The collaboration rises to a whole new level of success when we build on each other’s knowledge and capabilities, thereby achieving greater results together
Accelerating the energy transition together In this challenging situation, we must find optimism and together create the sustainable way forward. There are plenty of tools and means to succeed in that.
We need to create, and commit to, a global science-based roadmap, explaining the order of mandatory measures to be taken to reduce the concentration of CO2 in the atmosphere. The emission reductions must be calculated with standardized methods to verify the actual impact.
Regulation should ensure that the most effective measures are being implemented first, such as preventing the construction of new coal power plants, stopping deforestation and creating carbon sinks allowing extensive afforestation.
