In an articulate and important Call to Action, The Hon. Kevin Rudd, Former President of Australia, urged governments to outline their own pathways to reach net-zero emissions, and to honour the commitments they signed up to in the Paris Agreement.
Many of our panellists, including Christian Pho Duc at Smartenergy and Shiva Dustdar at the European Investment Bank, highlighted the important role Hydrogen will have in the transition. It is clear that investment is crucial but clarity on regulation and the entire value chain is also essential. This needs to be driven by government objectives at the international level for decarbonisation.
Steve Kukoda at the International Copper Association and Jennifer Layke at the World Resources Institute spoke about, how, despite the technology existing already, we still need to triple our investments in energy efficiency to keep on track for global emission targets.
Finance: Cost Reductions and Stable Governments
Andreas Feicht, State Secretary, German Federal Ministry for Economic Affairs and Energy, spoke about the need for a cost reduction to ensure available technologies can be scaled up. Thomas Bohner at Mitsubishi Power Europe urged that over the next 12 months, policymakers need to provide stable environments for investments.
New Pathways and Energy Diversity
Angela Wilkinson at the World Energy Council (echoed by Brian Gutknecht at GE Power and Andrew Lever from the Carbon Trust), highlighted that renewables are not the only pathway for the transition, arguing that we must have cross-sector cooperation between different forms of energy, stressing that diversity in energy is the key to successfully managing global energy transition.
Source : Climate Action