At the 28th United Nations Climate Change Conference (COP28) held in Dubai under the Presidency of the United Arab Emirates, Aker Horizons hosted a series of panels with the International Energy Agency (IEA) at the Norway Pavilion in the Blue Zone. The purpose of the panels was to exchange expert analysis, data, policy-advice and real-world solutions to accelerate progress towards a more secure, sustainable and equitable energy future. The event entitled “Value chains, technologies and business models to accelerate decarbonization of industry” was held on Sunday 3 December 2023 with a panel of distinguished guests. You can watch a recording of the event below.
Heavy industries account for around 6 billion tonnes of CO2 emissions per year, more than one-sixth of total CO2 emissions from the global energy system. Decarbonizing these industries is hence fundamental for keeping the 1.5° C target alive. The deployment of the close-to-zero emissions technologies needed for the transformation of industry requires innovation and incentives for scaling up, but also establishing value chains for critical solutions such as hydrogen and CCUS. Government policy can accelerate progress, including by reducing risks associated with developing new technologies and adopting mandatory CO2 emission reduction policies.
This panel discussed how increased collaboration among industrial producers, technology providers, governments and financial actors is fundamental to get efficient business models in place to drive down the green premium and rapidly accelerate early deployment.