Systemic Change
Li
Yong, Director General of UNIDO, gave a call to action, speaking on the
importance of governments and businesses working together
collaboratively. He said
we need systemic and sustained efforts, combined with conservation to
explore all possible pathways for the decarbonisation of industry.
Carbon Capture, Utilisation and Storage (CCUS)
Will
Gardiner, Group CEO at Drax spoke on the importance of investing in
carbon capture technology but argued that we must make these decisions
now so we can
plan and deliver a carbon negative future. Dr. Fatih Birol, Executive
Director at the IEA, spoke about the need for solutions like carbon
capture to reduce emissions, to ensure we achieve net-zero.
Hydrogen – the Silver Bullet?
Eugene McKenna at Johnson Matthey highlighted the critical nature of
investing in green hydrogen as a key solution that will contribute to
the decarbonisation of the industrial sector, stressing that we need
financial incentives to drive behavioural change.
Carbon Pricing
A
number of our panellists, including Mindy Lubber at Ceres, highlighted
the crucial need to put a ‘price on carbon’. Alexander Fleischander at
Primetals Technologies
said prices must be reduced to ensure that existing technological
solutions can be put into production and scaled up to support
decarbonisation.
Data & Transparency
Stephane
Germain, President at GHGSat, reminded us about the key role measuring
emissions can play in decarbonising the industrial sector, stressing
that transparency
and the availability of data will be critical in making informed
decisions for a green recovery.
Policy Framework
For our last panel, we were joined by Dr. Fatih Birol at the
International Energy Agency (IEA) and Isabella Lovin, Deputy Prime
Minister of Sweden, discussing the need for policymakers to implement
key regulation and policy frameworks to ensure necessary investments
are undertaken. Cate Hight at the Rocky Mountain Institute echoed this,
saying we must have policy on the ground that supports real action in
the next decade.
Source : Climate Action