Most of the nations who committed to achieving Net Zero emissions by the end of this century accepted the Paris Climate Accord, but the recent disruption in the energy market caused by the Russian-Ukrainian conflict has sped up the process globally. Global leaders now understand how crucial it is to achieve energy self-sufficiency in order to protect their economies and benefit the general public. While the accelerated efforts are a positive step, they cannot be completed without using renewable energy in accordance with their pledges to reduce emissions.
To discuss the future of global energy, a host of speakers – Upendra Tripathi, Ana Maria Kleymeyer, Ella Kokotsis, Alexander Hogeveen Rutter, James Laybourn, Joshua Garlef Whale, David Mayer – convened at the Global Business Summit 2023. The following are some excerpts from the Global Business Summit meeting:
Upendra Tripathi
“In India, the per capita consumption of energy is one-third of the global capacity. The aim is 175 GW by 2032 which is ambitious. It will require large-scale adoption of renewables across the sectors and to mitigate the risks of hard-to-abate sectors to become an effective partner for global decarbonization. The G-20 presidency is an opportunity for India to present its efforts and set an agenda for global sustainability as the world looks towards accomplishing Net-Zero emissions.”
Ana Maria Kleymeyer
“Climate change is real, and it is accelerating. Energy transition will require effective strategies to accelerate decarbonization at the global level. The adoption of green energies will be crucial in hard-to-abate sectors. A strategically designed policy toward energy transition will be an effective way forward. The G-20 presidency is an opportunity for India to set the agenda for the global good and play an integral role in accelerating sustainability efforts.”
Ella Kokotsis
“Energy transition will require collective global efforts and India can play a critical role in steering these efforts as it leapfrogs into the next phase of sustainable growth powered by green energies, effective energy storage solutions, and much more. India is on its course to lead global initiatives of Net-Zero emissions.”
Alexander Hogeveen Rutter
“India has the potential to secure an investment of over $20 billion in renewables this year and entails a strong framework for sustainable power.”
James Laybourn
“There is a great opportunity for battery-swapping technologies in India as the country embraces e-mobility. The surge in the adoption of EVs is a big opportunity. We look forward to exploring these prospects going further.”
Joshua Garlef Whale
“The global energy demand is starting to lag off, which is a positive for Net-Zero emissions goals. India, with its massive population, will make up for huge energy demands and it can be met only through sustainable sources which will also complement the energy transition. The cost-benefit analysis is important to make economic sense of the efforts being put into implementing sustainable practices. Decarbonization technologies will be critical.”
David Mayer
“We aim to replace diesel gensets. It is important to harness and leverage clean energy for a sustainable tomorrow. We are working on innovative technology that aims to replace traditional generators.”
