There is a growing global focus on sustainable development, particularly in the post- COVID19 world. Europe has been leading the path for a while now and in September 2020, China, for the first time, announced a fixed timeline to have CO2 emissions peak (2030) and achieve net-zero emissions (2060). President Biden announced US is rejoining the 2015 Paris Agreement on Climate Change and subsequent announcements from the White House clearly show the intent that US wishes to play a prominent role on this front. We believe that this global focus on ‘Green Recovery’ (also see update) implies that energy transition is likely to gain momentum. Recognising this momentum, CS’ Energy Research team’s annual outlook note for 2021 is focused on this theme of ‘Energy in Transition‘.