Oil and gas in transition

The energy transition is a worldwide process of rapids, structural and systemic changes. It has been discussed and anticipated for a long, but now renewable technologies show exponential growth rates, major cities are shifting to zero-emission mobility ad renewables, investors and pension funds divest from fossil fuels and national and international policy institutions push for zero-emission targets. This creates global turbulence in energy markets and forces incumbents to reposition, adapt and strategize. This lecture will provide a conceptual perspective of sustainability transitions that helps to better understand and analyze the dynamics of the energy transition. It will also provide insights from transition management: an action research approach to empowering, guiding and accelerating sustainability transitions. The transition perspective and transition management will be illustrated by the Dutch energy transition policies and societal strategies, including the strategies to phase out natural gas in the built environment, zero-emission mobility, coal-phase out and the shift to biobased and hydrogen in industry.