• CERAWeek
  • March 18 - 22, 2024
  • About

Session Details

Asia: Energy transition partnerships

Wednesday, 8 March

4:55 pm - 5:35 pm (CST) / 08/mar/2023 10:55 pm - 08/mar/2023 11:35 pm
Asia Pacific is central to the global energy transition, with the region accounting for half of worldwide carbon emissions. In the S&P Global base-case outlook, the region’s share of fossil fuels in the primary energy mix is expected to fall from 84% in 2021 to 58% in 2050, contributing to a 21% decline in carbon emissions, despite a 27% growth in the overall primary energy demand in the same period. There is no doubt that Asian national energy companies will continue to play an increasingly significant role in the energy transition. The oil & gas industry has managed the risks/rewards of partnerships over the last 100 years. Can this experience help reimagine future energy transition partnerships? What’s required to accelerate green project collaboration and development of carbon management hubs? How will the upfront investments in decarbonization get the required capital and technology support to scale? Other concerns include costs, drivers for local and regional policy, and providing affordable energy access in a region with increasing energy imports and significant cultural and geographical diversity. How will Asian companies embrace the transition while balancing national mandates and corporate goals?

Program Type: Executive Conference

Session Type: Plenary

Session Speakers