This session ventures into the trillion-dollar frontier of addressing climate challenges through innovative business solutions. As climate change continues to escalate, the urgency to develop sustainable strategies has never been more pressing. In this session, we will delve into the dynamic intersection of business, innovation, and climate action, exploring groundbreaking approaches to tackle climate challenges while unlocking unprecedented economic opportunities.
Low-carbon energy hubs, including hydrogen and associated products, in conjunction with CCUS, have become a principal opportunity for scaling of hydrogen markets across the U.S., Europe and Asia (Japan, South Korea). How much can hubs be the main driver of hydrogen market growth globally? Should scale be the main target in the short term? How does the linkage between hydrogen and CCUS in these hubs impact the scope for hydrogen market growth?
Although billions of dollars are being invested in new technologies, global GHG emissions continue to increase because growth in emissions from developing countries still exceeds the decline in emissions from OECD countries. The importance and need of technologies—existing as well as those on the horizon—is highlighted in every energy transition conversation. Wind, solar PV and batteries have made significant improvements in performance and cost over the last two decades. However, hydrocarbons still account for 80% of primary energy supply—just as was the case 30 years back. What are the most promising technological breakthroughs in climate change mitigation? What has been the impact of IRA and IIJA so far? What are the biggest barriers to scale-up? How is Gen AI transforming energy industry?