Energy transition scenarios: Covid-19 effect on global warming short-lived

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Technology will not be the constraining factor to phase out fossil fuel use and to achieve the Paris Agreement goals, but the world is far from utilising its full potential. While Covid-19 saw the strongest drop in history on fossil fuel demand, if left unchanged, a failure to meet the Paris Agreement goals is likely. This leaves corporate decision makers in the dark; should they invest in mitigation or adaptation strategies? As a result, they could apply a wait-and-see-approach to green investments, while a fast step forward is needed. Stronger climate policies can counter this self-fulfilling prophecy.