In episode 5 of The Current, we examine fossil fuels- mankind's centuries-old mixed blessing. We discuss the numerous applications of oil and gas and just how quickly we can phase them out, whilst sticking to a 'just energy transition'. Listen to Iman Rappetti, and Investec's Callum Macpherson, Campbell Parry, Melanie Janse van Vuuren and SAPIA's Executive Director Fani Tshifularo unpack the most fundamental question of the global energy transition: What is the future of fossil fuels? 00:00 Introduction 02:22 Meet the guests 02:42 What was agreed at COP28 on fossil fuels 04:50 Fossil fuels account for 75% of global GHG emissions 06:38 Our everyday dependence on fossil fuel products: from clothes to fertilizer 08:34 Electric vehicle adoption in SA versus the rest of the world 09:56 When will the demand for oil fall? 11:06 Road transport drives 50% of oil demand 13:02 What is a transition fuel and why are they important? 15:16 Opportunities for SA off demand for gas 17:58 When will we see a peak in global oil demand? 19:14 Geopolitics and fluctuating prices of fossil fuels 20:56 What is SA govt and industry doing to move away from fossil fuels? 22:17 How to make a dirty industry more efficient 24:21 How to bring oil-rich countries onto the transition journey 25:43 Investec approach to oil and gas: commitments and targets 27:21 A pragmatic approach to transitioning away from oil and gas This episode was brought to you by Investec Wealth & Investment. Learn more about their responsible investment strategy and how you can invest your money so it can do well, and do good. Read more: https://www.investec.com/en_za/investment/responsible-investing.html