As the energy transition transforms the global economy, the energy and finance sectors have a crucial role in providing the technical capabilities and capital flows needed to achieve the low carbon high growth economy of tomorrow. While public-private collaborations are accelerating the accessibility and mobilisation of investment into key climate technologies, a lack of supporting infrastructure, issues achieving industrial scalability, high initial capital investment and longer ROI windows are slowing progress. With energy transition investments needing to increase from US$1.8 trillion in 2023 to US$4.5 trillion a year to meet targets, per the IEA, how can the energy, finance, and policy makers shape the pathway to net-zero?

Attendee insights:

Evaluate the state of the energy transition and explore how industry leaders are navigating and mobilising the capital flows and investment needed to achieve a successful transition at the pace and scale society expects.

According to the World Economic Forum, heavy industry accounts for one-third of global energy use and one-quarter of global GHG emissions. Steel, cement and chemicals are the three highest emitters and amongst the most difficult to decarbonise, due to both technical and economic factors.  Close collaboration among producers, technology providers and users can open new decarbonisation solutions and potentially enable cost savings that are challenging to achieve. Favourable government policies also have a role to play in unlocking viable path to decarbonisation solutions.

In this Action Session, we will examine what can be done to decarbonise heavy emitting sectors including collaboration opportunities and favourable industry policies.