1430–1600

There is broad consensus on the need for action to build a sustainable, carbon-neutral economy. But how can we create incentives that align commercial and environmental imperatives, discourage short-termism and ensure that all stakeholders – including resource companies, financial institutions and governments – are moving toward this goal? And what does success look like?

Discussion points

  • Economic growth, together with the increase in global population, has led to dramatically higher consumption of resources. What are the challenges in decoupling growth from unsustainable resource consumption? Could more resource-efficient growth models help countries to avoid the middle-income trap?
  • What is the potential of emerging technologies, such as new types of batteries and solar panels, to disrupt how the world consumes power? How will resource companies adapt?
  • Is the push for zero-carbon growth aligned with long-term investment horizons, and what risk is there of capital being locked into unsustainable technologies and stranded assets? Can a carbon bubble be avoided?
  • There are indications that the recent drop in oil prices is the result of a structural shift. What risks might this pose to the development and uptake of alternative energy? Does this offer an opportunity to revisit carbon pricing?

Panellists

Montek Singh Ahluwalia, Distinguished Visiting Professor, Stern School of Business, New York University; Deputy Chairman, Planning Commission, India (2004 – 14)
Dianne Dillon-Ridgley, Board of Directors, Women’s Network for a Sustainable Future
Michael Liebreich , Chairman of the Advisory Board and Founder, Bloomberg New Energy Finance
Simon Henry, Chief Financial Officer, Royal Dutch Shell

Moderator: Roger Harrabin, Environmental Analyst, BBC

Session Paper

THE CHALLENGES OF RESOURCE PRICE VOLATILITY, INVESTMENT AND DISRUPTIVE CHANGE

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