Key Highlights
Political Will
In
an articulate and important Call to Action, The Hon. Kevin Rudd, Former
President of Australia, urged governments to outline their own pathways
to reach
net-zero emissions, and to honour the commitments they signed up to in
the Paris Agreement.
Hydrogen!
Many
of our panellists, including Christian Pho Duc at Smartenergy and Shiva
Dustdar at the European Investment Bank, highlighted the important role
Hydrogen will
have in the transition. It is clear that investment is crucial but
clarity on regulation and the entire value chain is also essential. This
needs to be driven by government objectives at the international level
for decarbonisation.
Energy Efficiency
Steve
Kukoda at the International Copper Association and Jennifer Layke at
the World Resources Institute spoke about, how, despite the technology
existing
already, we still need to triple our investments in energy efficiency
to keep on track for global emission targets.
Finance: Cost Reductions and Stable Governments
Andreas
Feicht, State Secretary, German Federal Ministry for Economic Affairs
and Energy, spoke about the need for a cost reduction to ensure
available technologies
can be scaled up. Thomas Bohner at Mitsubishi Power Europe urged that
over the next 12 months, policymakers need to provide stable
environments for investments.
New Pathways and Energy Diversity
Angela
Wilkinson at the World Energy Council (echoed by Brian Gutknecht at GE
Power and Andrew Lever from the Carbon Trust), highlighted that
renewables are
not the only pathway for the transition, arguing that we must have
cross-sector cooperation between different forms of energy, stressing
that diversity in energy is the key to successfully managing global
energy transition.
Source : Climate Action