Left behind: emerging oil and gas producers in a warming world

Main author: Marcel, Valérie
Other authors: Gordon, Deborah
Ogeer, Naadira
Omonbude, Ekpen
Format: Journal Article           
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id eprints-39877
recordtype eprints
institution SOAS, University of London
collection SOAS Research Online
language English
language_search English
description The push for decarbonization is dampening resource prospects in nations with undeveloped oil and gas. It is critical to reduce greenhouse gas (GHG) emissions from the petroleum sector, but there are equity issues related to requiring a shift away from oil and gas before development gains are made, especially in countries that have contributed very little to historical emissions. We review the prospects for five emerging producers to produce oil and gas at the lowest emissions intensity while achieving their economic and environmental goals. We find they lack the required capacity for stringent emissions management and to manage transition risks. The low-carbon pathway presents its own challenges with plans that lack national specificity and offer no substitute to the fiscal potential of the petroleum sector, and a lack of supportive technical assistance and finance. A just transition (JT) approach in these countries will not be about reskilling as they move away from a petroleum dependent economy, but instead about engaging with citizens to break the mould of petroleum-led development expectations and defining the new pathway for development. These countries will require support for transition planning that ensures that any oil and gas production minimizes GHG emissions, and limits the risk of economic lock-in, to invest in broad-based benefits and in a credible shift to a low-carbon economy. Inadequate international support risks leaving some countries behind, or to essential changes being contested in the transition.
format Journal Article
author Marcel, Valérie
author_facet Marcel, Valérie
Gordon, Deborah
Ogeer, Naadira
Omonbude, Ekpen
authorStr Marcel, Valérie
author_letter Marcel, Valérie
author2 Gordon, Deborah
Ogeer, Naadira
Omonbude, Ekpen
author2Str Gordon, Deborah
Ogeer, Naadira
Omonbude, Ekpen
title Left behind: emerging oil and gas producers in a warming world
publisher Taylor and Francis
publishDate 2023
url https://eprints.soas.ac.uk/39877/