Just and Balanced Energy Transition
Towards Justice for All
September 18, WED
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09:00 - 10:15
The plan for global divestment from fossil fuels, which currently account for 83.2% of the world’s primary energy supply, by 2050 is rather unrealistic. One or more fossil fuels will seemingly go hand in hand with renewables until the current energy transition is complete.
And it is the balanced energy transition that will benefit all. It should also be noted that the pace and sources of transition may vary. For example, in Egypt, Iran, the UAE, and Russia, natural gas accounts for a significant share of electricity generation (81%, 86%, 86%, and 44%, respectively). China is the world leader in solar module production, accounting for 58% of global electric vehicle sales. Low-carbon power, including hydrogen, biofuel, and nuclear power, covers about 46% of Brazil’s primary energy demand. These examples show that BRICS is indeed an environmentally responsible organization honoring climate commitments in line with each of the member countries’ national interests.
Some estimate that BRICS will account for 41% of the global energy consumption and production by 2040, which is why it should be largely involved in shaping the rules of the energy transition.
What should a balanced energy transition look like in the BRICS group? What role will natural gas and nuclear power play? What steps are needed to bring these countries’ approaches to climate and energy development closer together?
Moderator
Speakers
Leontiy Eder
Deputy General Director for Prospective Development, LLC Gazprom VNIIGAZ
Anton Kovalevskiy
General Director, JSC H2Invest
Alexey Kulapin
General Director, Russian Energy Agency (REA) of the Ministry of Energy of Russia
Jun Ma
Founder and President of Institute of Finance and Sustainability
Abdullah Malek
Head of Energy Transition Department, Office of the UAE Special Representative on Climate Change at COP-28
Zwanani Mathe Titus
Chief Executive Officer, South African National Energy Development Institute (SANEDI)
Alexander Nazarov
Head of Investor Relations, NOVATEK
Alexey Spirin
Director of the Climate Risk Department, En+
Pradeep Srivastava
Executive Director, Technology Information, Forecasting and Assessment Council (TIFAC)
* The Programme may be subject to change