Solving climate change challenges and ensuring a successful energy transition will require increased collaboration between the Global North and the developing economies of the Global South, inclusive of financing, technology and clean energy skills. The energy transition will reshape the global industrial and competitive landscape. New centers of low-cost, low-carbon energy will emerge, and industries in which energy accounts for a sizable share of overall costs—for example, ammonia production, data centers, aluminum, pulp and paper, and steel manufacturing—could be leading candidates to relocate. Enhanced collaboration across these new value chains is essential, and governments and private sector across the North and South need to work together to ensure effective and sustainable integration. The Global North must take action to enable substantial de-risked investment across several critical fronts to ensure energy access and affordability in the Global South. How can governments and businesses catalyse socio-economic development, including integration of value chains, ensure access to technology and a skilled workforce, provide supportive international partnerships, create viable carbon markets and incentivise energy transition policies?

Attendee insights:

Gain insights into supporting mechanisms to increase collaboration between the Global North and the Global South to further tackle climate change challenges and what’s required for a just, orderly and equitable transition in the Global South.

Solving climate change challenges and ensuring a successful energy transition will require increased collaboration between the Global North and the developing economies of the Global South, inclusive of financing, technology and clean energy skills. The energy transition will reshape the global industrial and competitive landscape. New centers of low-cost, low-carbon energy will emerge, and industries in which energy accounts for a sizable share of overall costs—for example, ammonia production, data centers, aluminum, pulp and paper, and steel manufacturing—could be leading candidates to relocate. Enhanced collaboration across these new value chains is essential, and governments and private sector across the North and South need to work together to ensure effective and sustainable integration. The Global North must take action to enable substantial de-risked investment across several critical fronts to ensure energy access and affordability in the Global South. How can governments and businesses catalyse socio-economic development, including integration of value chains, ensure access to technology and a skilled workforce, provide supportive international partnerships, create viable carbon markets and incentivise energy transition policies?

Attendee insights:

Gain insights into supporting mechanisms to increase collaboration between the Global North and the Global South to further tackle climate change challenges and what’s required for a just, orderly and equitable transition in the Global South.

Despite the urgency around energy transition, most industries within the energy sector are significantly behind in the deployment of low emission technologies at the scale required to reach net-zero emissions by 2050, with some estimates suggesting only about 10% of the needed deployment is in place today. To facilitate this transition in tandem with increased energy access globally, challenges must be addressed across technology capabilities, infrastructure requirements, innovation gaps and industry-specific hurdles, for instance, heavy industry. In parallel, however, progress and opportunities are emerging in relation to renewable energy growth, EV adoption and energy efficiency improvements.

To accelerate the deployment of low emission technologies, action will be needed across technology research, development and modelling investment; rapid clean energy infrastructure scale; facilitating policy development; enhanced global cooperation and knowledge sharing as well as near-term efficiency improvements and long-term technology development.

Attendee insights:

This Leadership Roundtable will address energy security, sustainability and future demand; it will also address the critical partnerships needed to accelerate the technology innovation needed to stay on track for a realistic net- zero future.