• CERAWeek
  • March 18 - 22, 2024

Muqsit Ashraf


Lead – Strategy

Muqsit Ashraf leads Accenture Strategy, overseeing a multibillion-dollar business unit across more than 40 industries in over 120 countries that helps clients tap new market opportunities, apply innovative technologies, and execute large-scale restructuring and transformation. He also is a member of Accenture’s Global Management Committee. Prior to this role, Muqsit led Accenture’s global Energy industry practice. He has more than 20 years’ experience across the energy value chain, advising and partnering with global energy leaders at most of the large international and national oil companies, oil field and energy service companies, and independents, helping them redefine business strategy, lead large scale transformation programs, and drive innovation. Muqsit leads Accenture’s Global Energy Board of more than 40 global CEOs/CXOs and has sponsored Accenture's relationships in Energy and Resources with the World Economic Forum, the World Energy Council, and the World Petroleum Congress. Muqsit has a bachelor’s degree in Chemistry, and a Master's in Business Administration from Yale University.

Sessions With Muqsit Ashraf

Monday, 6 March

  • 03:05pm - 03:45pm (CST) / 06/mar/2023 09:05 pm - 06/mar/2023 09:45 pm

    Scaling Critical Technologies: How quick?

    Innovation & Technology
    A wide spectrum of climate technologies is necessary to reduce emissions. While solar PV and wind are commercial and being deployed at scale, IEA’s Net Zero Roadmap for the global energy sector stated that 50% of emissions reductions in 2050 are expected to come from technologies that are not yet available at scale: carbon capture and storage, hydrogen/ammonia, large duration storage and advanced nuclear. In 2022, U.S. (Infrastructure Investment and Jobs Act and the Inflation Reduction Act) and EU (European Green Deal, Fit For 55 and REPowerEU) passed legislations to accelerate deployment and scaling of clean energy technologies. However, rapid deployment of these technologies in developing nations will be crucial for their decarbonization and development goals. Why is government intervention and investment necessary for scaling critical technologies? Should the EU follow the U.S. strategy and provide green subsidies to the European industry? Would CCS, hydrogen and long-duration storage follow the same cost and deployment trajectory as solar PV? Is there too much techno-optimism? What actions should policymakers take (in your respective regions) to streamline permitting of clean energy infrastructure? Forecasts for peak oil turned out to be very wrong. Will it be the same for critical minerals, i.e., demand growth will incentivize new sources of supply? What is needed to accelerate the flow of technology and investment to developing countries?