Reimagining the Energy Future
Energy Transition/Climate & Sustainability
The year 2022 will be long remembered as a year when the world—and the energy world—changed in multiple ways. Accelerating net-zero ambitions—amid conflict, disruption in global energy markets and global economic headwinds—have been surprising and unexpected developments in 2022 with the launch of RePower EU plan in Europe and the Inflation Reduction Act (IRA) in the United States. At the same time, energy security once again became a priority for governments in the face of an “energy war” in Europe, high prices and shortages. COP27 in Sharm El Sheikh, Egypt, did not produce dramatic agreements that some would have expected. Although there was a pledge on “loss and damage,” the structure and funding of the mechanism have yet to be worked out. There was no progress on the mitigation front. In this final conversation, we will synthesize what panelists heard during the week and discuss how to “reimagine the energy future”: Why is the world falling short of reducing emissions? What systemic changes are required to reduce emissions while meeting current and future energy demand? How will the trilemma be solved? Are commercially available technology solutions on the horizon? How do energy cognoscenti at CERAWeek engage with broader public stakeholder groups to create alignment on future net-zero pathways?