The New Energy Transition: Policy and Sector Prescriptions
13 October | 19:00–20:30 | Jaber Al-Ali Hall, Sheikh Jaber Al-Ahmad Cultural Centre (JACC)
Although overall energy demand will increase with worldwide economic and population growth, the energy mix will evolve over the next few decades. Some economies are pushing toward rapid decarbonisation through mandated phasing out of fossil fuels as energy sources, while other economies are changing the mix of fossil fuels to decrease carbon emissions over time yet still relying on fossil fuels. Still others believe that their opportunity to exploit the cheapest fossil fuels for basic economic survival is only beginning. The oil and gas industry is responding to the new energy transition through various, sometimes incongruous, prescriptions.
This plenary session will examine how policymakers and business leaders drive the industry’s adoption of a lower carbon economy. What will the energy companies of today look like in 2040? What role will Gulf oil producers play at that time? How will producing countries develop their economies in the meantime?