• CERAWEEK 2025 | March 10-14, 2025
  • CERAWEEK
  • March 10 - 14, 2025

Dev Sanyal

VARO Energy Group

Chief Executive Officer

Dev Sanyal is Chief Executive Officer of VARO Energy Group AG, based in Zug, Switzerland. He was appointed to this role effective 1 January 2022. Until 31 December 2021, Dev had a three-decade career with BP plc including over a decade as a member of the group executive committee and headed gas and low carbon energy globally. Prior to this, he was chief executive, alternative energy and also accountable for BP’s Europe and Asia regions. Earlier, he was group treasurer and chair of BP Investment Management and Arco Aluminium, chief executive of Air BP International and chief executive, BP Eastern Mediterranean. Dev is an independent non-executive director on the board of M&G plc; a member of the advisory board of the Centre for European Reform and the board of overseers of The Fletcher School of Law and Diplomacy, Tufts University, where he obtained a master’s degree in economics and politics. He is a Fellow of the Energy Institute. Dev was an independent non-executive director on the board of Man Group plc (2013-2022).

Sessions With Dev Sanyal

Tuesday, 19 March

  • 02:20pm - 03:00pm (CST) / 19/mar/2024 07:20 pm - 19/mar/2024 08:00 pm

    Different Pathways to Low Carbon

    Strategy and Business Models

    In “Net Zero by 2050: A Roadmap for the Global Energy Sector,” published in May 2021, the International Energy Agency (IEA) stated that net zero by 2050 requires “nothing short of a total transformation of the energy system that underpins our economies,” and “the pathway is narrow but achievable.” Three years later, even though there has been a groundswell of net-zero commitments by countries and companies, the pathway seems narrower. Demand for hydrocarbons and the resulting GHG emissions continue to increase. Although there has been considerable progress in reducing emissions in the power sector, the progress in all other sectors—viz. transport, industry, residential and agriculture—has been very slow. What are the technologically and economically feasible pathways to reduce emissions today? Are industrial policies such as Inflation Reduction Act (IRA), Infrastructure Investment and Jobs Act  (IIJA) and the European Green Deal having an impact? What is necessary to get buy-in from investors to reward energy transition investments? What approaches are necessary to continue economic growth while flattening emissions in developing economies?