The ADIPEC 2024 Strategic Conference will bring together policy makers, energy leaders and industry professionals for an unparalleled opportunity to share insights on climate discussions and solutions for all energy industry stakeholders. The 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.
ADIPEC 2023 STRATEGIC CONFERENCE OVERVIEW
The emergence of this new and evolving energy system will test the resilience of businesses engaged in a fundamental transformation to decarbonise their legacy operations, while developing low carbon and green solutions and services. Digital technologies and capabilities will be at the core of delivering this strategic change to operations. With this comes the need to attract, retain and train the workforce required to implement effective change.
COP28 will be a pivotal moment for the energy transition. At the crossroads of North, South, East and West, it will provide a platform to engage in climate discussions and solutions for all energy industry stakeholders. Dialogue will focus on the transformational progress needed to produce the tangible results the world requires.
ADIPEC 2023 created a platform which mobilised the experience, expertise and resources of a responsible energy industry and addressed the challenge of driving sustainable economic progress while holding back emissions.
Taking place shortly before COP28, ADIPEC 2023 connected policy, people, technology and capital to accelerate the next phase of the energy transition by bringing together diverse energy industry stakeholders in a forum that quickened industry action to decarbonise faster, future-proof sooner and create the energy system of the future, today.
ADIPEC 2023 Strategic Conference Themes
The programme focused on six key themes which provided insights and stimulating discussion on the urgent actions needed to address the biggest energy challenges.
1. Transforming the global energy system to create better energy security
Disruptions to the global energy system have produced a complex and diverse set of challenges for the global economy. Today’s energy system must transform to enable choice in energy sources while creating opportunities for new partnerships and supply routes. Much of the developed and developing world will need to evolve policy and activate direct government intervention to drive energy security through variety and volumes, tackle energy affordability, and accelerate access to sustainable new energy sources – all at the same time.
2. Global decarbonisation and energy transition: the role of the energy industry in the climate roadmap
Hosted by the UAE in 2023, COP28 will provide a pivotal platform for energy leaders to focus on energy supply challenges, decarbonisation and transparent emissions reporting in the global stocktake of the Paris Agreement goals. An equitable and inclusive energy transformation will require time, investment, supportive policy and behavioural changes across the energy value chain from producers to end-users. Global society expects energy industry leaders to be bold in demonstrating their strategic commitments and capabilities around reduced emissions and net-zero targets while engaging essential talent, ingenuity, capital and engineering expertise.
3. Mobilising finance and investment for a secure energy future
To deliver net-zero ambitions, companies and governments must do more to attract the capital required to match the growing demand for existing fossil fuel projects as well as low-carbon energy solutions and services. High cash flow returns in the energy sector create the opportunity to invest in low-carbon programmes, develop new energy services and enter new markets. Climate investment will need to increase by three to six times today’s levels to address the required global emissions reductions, support developing countries in their energy adaptation needs, and scale-up available green financing.
4. Creating cross-sector industry participation and collaboration: developing a zero-carbon value chain
The path to net-zero by 2050 requires multi-stakeholder collaboration between energy suppliers and energy consumers. This is critical for heavy emitting sectors like aluminium, aviation, chemicals, concrete, shipping, steel and trucking. New partnerships – not polarisation – will be needed to enable the services and solutions required to tackle emissions and drive efforts to find and implement the right decarbonisation technologies.
5. The emerging and critically important industrialisation of new energy solutions and technologies
Investment and technology innovation will need to be incentivised to address climate, energy security and industrial agendas. This will open opportunities for partnerships in advancing an affordable, resilient and lower-carbon energy future while accessing the economic growth created by a new energy system. Digital technologies and capabilities will need to be built into the core of business operations to transform business and operating models, including hydrogen, carbon capture, utilisation and sequestration (CCUS), direct air capture, methane emissions reduction and electrification.
6. The talent landscape transformation: attracting the right people to ensure continued success during the energy transition and beyond
It is estimated the energy transition will create 14 million new jobs in clean energy technologies and drive the migration of nearly five million workers away from fossil fuel sectors. The energy industry is responding to the challenges and opportunities of climate change by pivoting to lead the creation of a cleaner, low-emission energy future. This agenda of innovation and change will enhance the industry’s ability to attract the digitally savvy talent required to address the challenge of maximum energy with minimum emissions.
ADIPEC 2023 will be a progressive force for energy transformation and leadership. It will unite the expanding and increasingly diverse world of energy and help us work together to transform, decarbonise and future-proof our industry, by accelerating the innovation and tangible actions needed to enable a lower-carbon and higher-growth future for the world.