The Transition to a Clean Energy Economy: How fast will it happen?
Date: Wednesday, March 2
Time: 3:30pm - 5:00pm
Format: Mini Plenary
The transition to a clean energy economy is gaining significant momentum. At the same time, modelling and projections are often based on historical data making them poor predictors for the actual rate of future change.
More specifically, Dr. Lovins will speak to our ‘disruptive oil future’:
“As it confronts troubling fundamentals, the global oil industry is scrambling to shrink capital budgets to fit halved prices. Yet oil-industry strategists rarely notice that their most basic challenge is not lowered prices but weakening demand, as customers find powerful new ways to save or displace oil. As the world begins to embrace a low-carbon future and the prospect of profitably getting off oil by 2050, what are the strategic implications—and opportunities—for oil companies and resource owners?”
Mr. Tamminen will touch on how large capital investments are driving the transition:
“The transition is accelerating because renewable energy and alternative fuels are getting cheaper (especially when factoring the cost of pollution and greenhouse gas emissions), while governments and corporations are increasing demand (especially in light of COP21 results), but the great limiting factor – or accelerator – is finance. Terry Tamminen will provide insights into how the world invests "trillions, not billions" (to quote UNFCCC chief Christiana Figueres), to move from the "brown" economy to the "green", faster than anyone expects.
Extra credit to those who do the homework – read: http://regions20.org/images/ClimateFinance.pdf”
Gain insights from clean energy thought leaders on the key factors, policy actions, investment opportunities, and indicators to watch.