The central challenge facing heavy industry is to increase production whilst decarbonising its operations, with the latter requiring innovative technology deployment, broader electrification of the industrial base and new energy sources like green hydrogen. To effectively decarbonise heavy industrial manufacturing, it is imperative global collaboration intensifies, leveraging advanced technologies and policies such as Europe's Green Deal Industrial Act and the U.S. Inflation Reduction Act. How can policy makers and heavy industry work together to leverage progressive policies and advance clean technology to accelerate the decarbonisation of the industrial value chain?

Attendee insights:

Gain insights into the importance of fostering collaboration, leveraging progressive policies, and building trust across sectors to accelerate the decarbonisation of heavy industry.

Flaring operations contribute significantly to climate change by releasing both carbon and methane into the atmosphere. However, by implementing robust policies and regulations that mandate monitoring, reporting, and abatement of emissions, countries can effectively eliminate routine flaring, minimise non-routine flaring, and achieve near zero methane operations. This not only helps combat climate change but also creates opportunities to bolster energy supply by utilising the natural gas that would otherwise have been flared, whether for on-site power generation or sale on the market. Addressing flaring and methane in tandem is essential to attain sustainable and energy-efficient operations.

Attendee insights:

This session will explore policy and regulation strategies aimed at ending routine flaring and mitigating methane emissions as well as the implementation strategies needed to implement them.

Achieving net-zero emissions by 2050 necessitates a significant acceleration in clean energy transition investments, increasing from current levels to approximately USD 4 trillion annually by 2030. To unlock this clean energy investment, it is crucial to secure funding from both local and international sources. While international investors may find it easier to back large, bankable projects—such as renewable energy facilities with long-term contracts—enhancing connections between financial markets and end-use decarbonisation projects is essential. Additionally, building capacity for local currency fundraising is particularly important in emerging markets and developing economies.

Attendee insights:
This Leadership Roundtable will emphasise the critical role of finance in fostering climate resilience and mobilising capital for clean energy initiatives, thereby accelerating the global shift towards sustainable energy solutions. The discussions will centre on the importance of transition finance in fostering climate resilience and facilitating a low-carbon future.