The ADIPEC 2024 Decarbonisation Strategic Conference will gather industry leaders, policymakers, governments, financial institutions to deliberate on the opportunities in a decarbonised future and the importance of new partnerships to unlock new value pools. The Decarbonisation Strategic Conference programme for 2024 is currently in progress and will be available to view soon. To stay up-to-date and be notified when the programme is live please click here.
Reaching net-zero emissions by 2050 is a global commitment, placing the energy transition as a top priority for all industries and economies today. Decarbonising the energy system requires a transformation in the way industries consume, transport and provide energy. Key strategies to move the needle forward include large-scale investments in technology, expansion of low-carbon energy, phasing out unabated fossil fuels, and widespread electrification.
Decarbonisation is seen by many as an opportunity to foster green economic growth, enhance energy security, and safeguard the well-being of future generations. However, overcoming challenges such as today’s economic conditions and policy barriers, requires proactive measures. By expanding renewable energy, enhancing energy efficiency, implementing carbon pricing mechanisms, promoting technological innovations, and collaborating across government and business, industries can navigate the path to decarbonisation and create a healthier, more resilient planet for all.
The ADIPEC 2023 Decarbonisation Conference featured strategic sessions with a focus on addressing the need for innovative policies, new investment, technology advancement, new energy sources, and decarbonisation of heavy-industry sectors.
The Conference gathered policymakers, governments, financial institutions to deliberate on the opportunities in a decarbonised future and the importance of new partnerships to unlock new value pools. In support of industry decarbonisation commitments, the conference also hosted discussions on key topics around emissions abatement, clean energy technology, carbon tax, carbon capture, renewables, nuclear energy, battery storage, low-carbon solutions, circularity, energy efficiency, and electrification.
1. REINFORCING REGULATORY SYSTEMS TO GUIDE AND ACCELERATE EMISSIONS REDUCTION
Setting clear-cut standards and policies is vital for businesses to make long-term plans for successful emissions reduction efforts. Ambitious targets, robust measuring, reporting and verification systems, innovation and commercialisation incentives, enforcement and market-making mechanisms, public participation, and international co-operation are all key elements to establishing a regulatory framework for a new industrial base that can effectively support businesses in reducing their emissions.
2. DRIVING INVESTMENT IN NEW TECHNOLOGY TO SCALE DOWN THE COST OF CLEAN ENERGY
Transforming the world's energy systems through the deployment of carbon reduction technologies and solutions involves substantial investment in clean energy infrastructure. Driving technological advances will be crucial to delivering accessible and affordable green energy.
3. ENHANCING GRID INFRASTRUCTURE TO TAP RENEWABLES AND LOW-CARBON SOLUTIONS AS ENERGY SOURCES
Renewable energy and low-carbon solutions have the potential to significantly reduce energy dependence on fossil fuels and help mitigate the impacts of climate change. Establishing diversity in energy sources is a key factor in meeting the challenges of energy supply and demand. Improving grid infrastructure will play a vital role in unlocking this capability.
4. DECARBONISING END-USE AND HEAVY-INDUSTRY SECTORS
The decarbonisation of heavy-industry sectors presents unique challenges. Recognising the capabilities of energy efficiency, electrification, and new energy carriers as key enablers in the energy system opens opportunities for effective, tailored solutions to decarbonise operations across heavy-industry sectors.
Solving the trilemma requires technical innovation, infrastructure development, and collaboration across industries and governments. The task of decarbonising the world is enormous and requires immediate action.
ADIPEC has brought together policymakers, global energy leaders and industry professionals for an unparalleled opportunity to share insights and brainstorm ideas to address the challenge of the Energy Trilemma for a better tomorrow.
Dr. Pratima Rangarajan
OGCI Climate Investments
ADIPEC 2023 Decarbonisation Strategic Conference Speakers included