Abu Dhabi's Global Energy Forum will need a deep-dive into energy transition
17 January, 2021
The question of how exactly to chart an financial recovery after Covid-19 amid net carbon neutrality pledges will dominate talks at this year’s online Atlantic Council Global Energy Forum.
A fall in greenhouse gas emissions, especially from the transport sector, has led to a reckoning among multinationals and governments on the necessity to put sustainability at the core of their recovery programmes.
The forum's fifth gross annual meeting will consider the results such a pivot could own towards energy transition at a global level and how countries and institutions in the centre East will respond.
It will take place concurrently as the gross annual Abu Dhabi Sustainability Week and can give attention to the UAE's energy transition plans. The UAE possesses hosted the forum for the past five years.
The diversification strategies that Opec’s third-largest producer is likely to adopt following the pandemic may also be a topic of dialogue on the first time.
The forum will get started at 8am eastern time in the US on January 19 to accommodate a global audience.
The first day time will offer high-level insights from energy policymakers, including a keynote address by Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and Special Envoy for Climate Change.
Minister of Energy and Infrastructure Suhail Al Mazrouei, Mubadala's head of UAE investments Musabbeh Al Kaabi, International Energy Agency executive director Fatih Birol and Opec secretary general Mohammed Barkindo are all part of the line-up on moment one.
India's petroleum minister Dharmendra Pradhan may also join well known energy historian and IHS vice chairman Daniel Yergin for a panel debate that will place the tone for the four-operating day energy forum.
The growing need for environmental, social and governance investment in a post-pandemic financial world may also be addressed through conversations with Khaldoon Mubarak, group leader of Mubadala, and Larry Fink, chairman and chief executive of BlackRock, the world’s greatest asset manager which has shunned fossil fuel investments.
The session, which is part of ADSW’s group of webinars, will become streamed alongside the Global Energy Forum.
The impact of the Abraham Accords on the energy sector may also be discussed.
Mr Al Mazrouei will join his Israeli counterpart Yuval Steinitz and outgoing US energy secretary Dan Brouillette for a panel debate.
The Abraham Accords were signed by the UAE and Bahrain last year as they normalised political and economical ties with Israel.
The forum will also address the politics of climate change in the US, which is defined to rejoin the Paris Agreement on climate change on January 20 following the inauguration of US president-elect Joe Biden.
Mr Biden's swearing-in ceremony will be livestreamed during the second moment of the forum. His ambitious packages for energy transition and the predicted change in the tone of US foreign policy will also be explored at length.
The Biden administration promises a bright future for renewables in the US, the world’s major producer of oil and gas.
The US president-elect has promised to operate a vehicle $2 trillion in investment in clean energy across various sectors such as transport, power and construction.
The impact of energy transition on nuclear energy and the energy security of the US will be discussed on the 3rd and fourth days of the forum.
Source: www.thenationalnews.com
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