‘Building a bridge to net zero – bringing together senior decision-makers cross energy to talk about challenges and solutionsFrontier’s Energy 2050 Summit, gave delegates the opportunity to join senior policymakers, senior executives and academics to discuss critical issues and growth opportunities for the energy transition. The Energy 2050 Summit saw +30 speakers come together in an event designed to promote discussion across disciplines on the bridge to net zero with the audience engaging in Q&A which led and drove the discussion.
This is what some of our delegates thought of the event;
“This was a great opportunity to participate in a true energy conference where all forms of energy were represented and to have an open conversation on the challenges of energy transition.”
“Climate Change represents the greatest existential threat to the oil and gas industry and the Energy Transition represents the greatest opportunity for the industry to demonstrate its competence and willingness to become a facilitator for the transition. This excellent virtual conference gathered views from across the spectrum and allowed informed and educated debate for all those interested in energy and the transition to a greener future.”
Today’s senior roundtable discussions come together around three major themes and here are some of the takeaways from the lively debates and exchanges;
Evolving Strategies in Energy TransitionThis was a diverse panel made up of bp Launchpad, DNV-GL, Pale Blue Dot and Westwood Global Energy who spoke about how strategies were evolving fast across sectors towards energy transition as many organisations played catch up. David Linden of Westwood pointed out that it was really only European majors focussing on energy transition strategies and that NOC’s globally, with the exception of Equinor, were not focussing on this at all. This led me to think the global challenge lay with winning hearts and minds of NOC’s and that the rate of change we are seeing here is Euro-centric. This was also reiterated by Kersti Berge, Director for Energy and Climate Change in the final session of the day, when asked what she would want to see coming out of COP 26, she replied ‘global emitters making a commitment to net zero’. It is clear that a global commitment to net zero is what is required.
ESG & SocietyLord Deben joined Kirsty Gogan of LucidCatalyst and Clara Altobell of Serica Energy to talk about this fascinating topic. This is perhaps what is making the most material difference at the moment; society is becoming more conscious about its choices and has been forced to stop and re-evaluate in the wake of the Covid crisis. The energy industry is governed with restrictions that are outdated said Lord Deben, we need to think of the future, now most people have accepted as very urgent. The big difficulty for the energy industry is how do you do the transformation whilst dealing with all the other issues at play in the energy sector.
The Power of Policy to Effect ChangeThis was an excellent panel made up of the Scottish Government, Professor Jim Skea, who needs no introduction (Mr Climate), Nina Skorupska, CEO of the Renewable Energy Association and Naveed Chaudhry, Head of the Climate-KIC Accelerator at Imperial College London. Policy is absolutely critical for accelerated change was the consensus in the panel and policy is needed to accelerate societal and behavioural change. Covid has made us realise that crises are real, said Kersi Berge, Director for Energy and Climate Change, Scottish Government. Covid has made climate change feel more real, and it is important for us to take advantage of this opportunity to support tough political decisions that need to be taken for a low carbon future. Heat decarbonisation and efficiency are near-term wins and it is important to support jobs and unemployment with a green vision, Berge said. I was taken with the practicality with which the panel spoke, of the real and immediate wins that could be achieved at a local and regional level in the UK and Europe, and the need for the UK to show leadership ahead of COP 26 next year.
Keynote: Challenges and Opportunities of a Low Carbon Future
Session 5: Evolving Strategies In Energy Transition
Session 6: ESG & Society
Session 7: The Power Of Policy To Effect Change