DEFINING AFRICA’S GLOBAL ENERGY INDUSTRY THROUGH COLLABORATION, DEVELOPMENT AND INVESTMENT OPPORTUNITIES
This roundtable discussed the key challenges and opportunities for best collaborate between nations and corporations, and the future role of oil and gas within Africa. The key points covered during this roundtable were:
- The importance of developing Africa’s untapped renewable energy potential to ensure a smooth decarbonisation journey for the continent
- Guaranteeing the cost of energy remains affordable to allow for its widespread adoption in Africa’s future energy mix
- Continued involvement of international oil companies and financial institutions to invest and develop Africa’s energy sector
DECARBONISING OIL AND GAS COMPANIES: WHAT DOES THE FUTURE HOLD IN A LOW CARBON WORLD?
This roundtable discussed the key challenges and opportunities around decarbonising operations of oil and gas companies; with special emphasis on first-mover advantage, financing challenges, and collaboration opportunities as an unlock. The key points covered during this roundtable were:
- The critical need to continue investments in the industry to fund decarbonisation solutions, and to allow for the industry to continue to provide a sustainable energy source
- The importance of technology partnerships and industry collaboration to ensure decarbonisation solutions are shared and widely adopted
- The importance of transparency to gain trust and the industry being able to measure and report its decarbonisation pathway in a standardised, objective format.
- The need to shift our mindsets to prioritize low carbon solutions and approach decarbonisation with a value lens
REVOLUTIONISING THE NEW MOBILITY ECOSYSTEM: HOW WILL THE FUTURE OF TRANSPORTATION CHANGE ENERGY DEMAND?
The emerging new mobility ecosystem represents a profound disruption for the energy industry and multiple related sectors relying on transportation powered by fossil fuels. To reduce emissions at the required speed, this roundtable discussed how to innovate the fuels we use, the ecosystems and supply chains that enable lasting change. The key points covered during this roundtable were:
- The benefits and challenges of implementing a net-zero supply chain
- Reducing emissions further by incremental efficiencies within the system rather than just in manufacturing
- The main drivers critical to the successful evolution of the mobility system
- The need for a robust regulatory framework in the fragmented mobility ecosystem
DIGITALISING ENERGY: DRIVING THE TRANSITION TO NET-ZERO
This leadership roundtable discussed how energy companies are expanding their use of digital practices to reduce their emissions and create more sustainable businesses. The key points covered during this roundtable were:
- Digitalisation as an enabler to optimise and decarbonise current oil and gas production assets while reaping the benefits of efficiencies to invest in lower carbon options and new energy transition pathways
- The importance of digitalisation to enable better visualisation, measurement, and accurate reporting of emissions
- The importance of collaboration to ensure best practices and innovative solutions are shared to facilitate accelerated decarbonisation of the industry
DEVELOPING CLEAN ENERGY FUELS: CREATING SUSTAINABILITY STRATEGIES AND NEW MARKET OPPORTUNITIES
Focusing on the emerging trends and opportunities for hydrogen and clean fuels and how to overcome the biggest obstacles for their large-scale adoption, the key points covered during this roundtable included:
- The outlook and costs for alternative fuels vs. traditional fuels and their rates of adoption
- The role of policies to incentivise the development of alternative fuels, their infrastructure rollout and increased adoption
- The use-cases that have the highest applicability for alternative clean fuels
SHAPING THE FUTURE OF ENERGY: CHARTING THE CLIMATE ACTION PATH WHILST MEETING THE WORLD’S ENERGY NEEDS
Focusing on the emerging trends and opportunities for hydrogen and clean fuels and how to overcome the biggest obstacles for their large-scale adoption, the key points covered during this roundtable included:
- The outlook and costs for alternative fuels vs. traditional fuels and their rates of adoption
- The role of policies to incentivise the development of alternative fuels, their infrastructure rollout and increased adoption
- The use-cases that have the highest applicability for alternative clean fuels
COLLABORATING TO DEFINE THE GLOBAL ENERGY FUTURE
Focusing on the emerging trends and opportunities for hydrogen and clean fuels and how to overcome the biggest obstacles for their large-scale adoption, the key points covered during this roundtable included:
- The outlook and costs for alternative fuels vs. traditional fuels and their rates of adoption
- The role of policies to incentivise the development of alternative fuels, their infrastructure rollout and increased adoption
- The use-cases that have the highest applicability for alternative clean fuels
INVESTING IN ESG VS SOCIALLY RESPONSIBLE INVESTING: HOW TO MANAGE RISKS AND UNLOCK OPPORTUNITIES FOR LONG-TERM GROWTH?
This roundtable explored the role of financial institutions when investing in the oil and gas industry and discussed some of the key trade-offs and opportunities. The key points covered during this roundtable were:
- The oil and gas industry needs to identify how best to fund the industry’s transition while continuing to provide a sustainable and affordable source of energy to meet global energy demand.
- Standardising ESG metrics is vital to allow financial institutions to have a clear line of sight on the investments made. Additionally, this provides for industry players to clearly articulate their decarbonisation strategy and actions.
- There is a need for investors to collaborate with heavy emitters to find ways towards viable decarbonisation pathways.