Can carbon-neutral fossil fuels can gain credibility and scale up through voluntary efforts, or will market adoption have to be compelled through mandatory regulation?
Key takeaways
1. Fossil fuel producers are looking for interim solutions during the green energy transition
2. Use of the carbon-neutral label is susceptible to being seen as ‘greenwashing’
3. A global regulatory regime to regulate carbon-neutral fossil fuels is not likely soon
4. Industry initiatives to develop voluntary standards are in a nascent stage