ENERGY INNOVATION OVERVIEW PEOPLE PERSPECTIVES NEWS AND EVENTS OVERVIEW The clean energy innovation movement – specifically the move to decarbonize the global economy – started years ago following greater awareness of greenhouse gases and their effects, was pushed along with government incentives, and now has been accelerated by the global pandemic and sustainable recovery plans. Many of Shearman & Sterling’s clients – traditional oil & gas companies and investors in the hydrocarbons sector, along with renewable energy companies – are looking for opportunities in the energy transition movement, seeking to take advantage of the demand for immense development and clean energy innovation in the sector. The International Energy Agency’s Net Zero by 2050 report estimates that 75 percent of the emissions reductions necessary to meet net-zero emissions are dependent on renewable or clean energy technologies that have not yet reached commercial maturity. Four significant, dynamic and viable areas of innovation in the energy transition include the clean (or semi-clean) development of hydrogen as a multi-purpose fuel, the development of carbon capture projects at the source of emissions, the development of energy storage projects particularly as a component of larger renewable energy projects, and the greening of industrial manufacturing particularly that of steel and cement. Shearman & Sterling’s Energy Innovation team is a leader in working on these decarbonizing projects. We have deep experience in working with traditional oil & gas companies, renewable energy developers, private equity investors, clean technology companies, governments, state-owned energy companies and lenders on the development and financing of these innovative clean energy projects. We are knowledgeable about project structuring and what it takes to get projects financed, particularly when emerging technology is involved. We have been consistently recognized by Chambers Global as one of the leading Projects and Energy law firms in the world. To learn more, visit our Energy Innovation by Shearman hub. HYDROGEN CARBON CAPTURE ENERGY STORAGE GREEN INDUSTRY PRACTICES Project Development and Finance Emerging Growth Investment Funds INDUSTRIES Energy Construction Industrials Infrastructure / Transportation Projects Private Capital NEWS SUPPORTING INNOVATIVE RESPONSES TO CLIMATE CHANGE PERSPECTIVE COP26 BRIEFING LIST PEOPLE OMAR SAMJI EVENT CONNECTING GREEN HYDROGEN APAC 2021 PRACTICE PROJECT DEVELOPMENT & FINANCE SHEARMAN & STERLING ENERGY INNOVATION HUB LEGAL NOTICES CONTACT © Shearman & Sterling 2021 | Attorney Advertising Cookies Notification We use cookies to make our site work well for you and to provide you with an improved user experience. By clicking ''Accept All Cookies,'' you agree to our use of cookies. You can also use the switches in "Cookies Settings" to customize and save your user preferences. For detailed information on how we use cookies and other tracking technologies, please see our Cookie Notice. Cookies Settings Reject All Accept All Cookies