At the beginning of 2019, the impetus to reduce emissions and limit global warming to 1.5°C was already urgent. But, with the COVID-19 pandemic, the energy industry has been plunged into a new crisis, which has the potential to drastically alter global energy systems in the future. The pandemic is likely to result in long-term damage to global trade flows, supply and demand but it also represents an opportunity to build sustainable, more resilient, economies that can cope with future threats.
This event will examine how the global health crisis will affect energy companies’ ability to deliver on their energy transition strategies. Will this be viewed as a defining moment in the move towards a low-carbon world or could a short-term decline in investments threaten to slow the implementation of clean energy technologies? As government and consumer behaviour shifts dramatically, with ongoing disruption forecast for the medium-term and a view towards sustainable economic recovery, what opportunities and challenges does this present for traditional oil and gas companies? And what is the likelihood of major changes to their business models to adapt to the changing times?
This event is only open to Chatham House Partners and Major Corporate Members as well as selected giving circles of Chatham House. If you would like to attend, please RSVP to Linda Bedford at [email protected].
Participants
Melanie A Kenderdine, Principal, Energy Futures Initiative; Director, Office of Energy Policy and Systems Analysis, US Department of Energy (2013-17)
Eirik Wærness, Senior Vice President and Chief Economist, Equinor
Chair: Dr Robin Niblett CMG, Director and Chief Executive, Chatham House