At COP 27, the United Nations Climate Change Conference in Sharm el-Sheikh, Egypt, Aker Horizons hosted and participated in a series of panels dedicated to the energy transition and accelerating decarbonization. The event entitled “Where we are in the state of the energy transition” was held on Tuesday 8 November 2022 by Aker Horizons with a panel of distinguished guests, including Nicola Sturgeon, First Minister of Scotland; Dr. Fatih Birol, Executive Director, the International Energy Agency (IEA) and Anders Opedal, CEO, Equinor. See the full description and watch a recording of the event below.
Revolutionizing the world’s energy system is the hardest challenge the world has ever faced. Progress on climate action and energy innovation in the last few years has been unprecedented — and yet, we need infinitely more. Keeping 1.5 alive requires a 45 per cent reduction in global emissions by 2030 and carbon neutrality by mid-century. Under current national commitments, global emissions are set to increase by almost 14 per cent this decade. The war in Ukraine has further disrupted global supply chains, sending energy prices soaring and prompting governments to pursue an “all-of the-above” strategy to replace Russian oil and gas, in the words of UN Secretary-General António Guterres. For this reason, more efforts will be needed to decarbonize, while ensuring energy security and affordability. Leading regions and sectors will have to go much further and faster. In this panel, you will hear from public and private sector leaders on where the energy transition stands today, and the solutions needed to get the world back on a 1.5 degree path.
Trude Sundset, Strategic advisory and business development, Aker Horizons