In the final day of the 24th World Energy Congress, the Global Energy Association held several presentations, a series of meetings, negotiations, and interviews, delegated its expert to participate in an interactive session. Representatives of the Global Energy Association also took part in the official closing ceremony of the 24th World Energy Congress.
According to the report “Grand Transition. Energy in the new technological cycle” presented by the Global Energy Association during the 24th World Energy Congress, already at this stage, sustainable energy development requires about $ 2.2 trillion in annual investments. It is this amount of funding that is critical to ensuring universal access to affordable, reliable, sustainable and modern energy sources. However, currently manufacturers keep their investment decisions in traditional fossil fuel assets and are often not ready for the structural changes required to move to a new technological cycle designed to provide a better quality of life for all people on our planet.
The presentation of the Global Energy Association’s stand to the Minister of Energy of the Russian Federation Aleksandr Novak was the main event of the third day of the Association’s work within the 24th World Energy Congress. During the business program Association’s experts presented at a number of key forum’s discussions. In addition, the Global Energy Association held a number of presentation meetings, negotiations, interviews and signed a cooperation agreement with the University of Khalifa.
While economic growth and urbanization are positive trends in the development of humankind, they also contribute to an increase in the world's population and exacerbate the shortage of three inextricably linked resources: energy, water and food. The issue of ensuring their availability, as well as security, requires a comprehensive approach, says Rae Kwon Chung, Chairman of the Global Energy Prize International Award Committee, member of the IPCC, awarded the Nobel Peace Prize in 2007. The shift of subsidies towards green energy, sustainable agriculture and land use, as well as support for technological solutions in the field of production, storage and transfer of energy resources will not only answer this challenge, but will also have a positive impact on solving environmental problems. Such conclusion was made by the expert in the framework of the session “Energy, water, food: an ecosystem on the cusp”, held today at the 24th World Energy Congress in Abu Dhabi, UAE.
The key events of the Global Energy Association in the framework of the second day of the 24th World Energy Congress were its own session, “Mission possible: the Global Energy Prize as a driver for sustainable energy for all” and presentation of the report “Energy Transition. Energy in a new technological cycle.” In addition, the leadership of the association met with the leadership of the World Energy Council, and association`s experts gave a number of interviews.
Today, within the second day of the 24th World Energy Congress, the leadership of the Global Energy Association held talks with a delegation of the World Energy Council led by its Chairman Yongun David Kim. The parties recognized the importance of joining initiatives and the need for cooperation
Achieving sustainable energy, designed to provide present and future generations with clean energy without harming the environment, is real, but its formation requires a decisive transformation of the global energy system, which implies the development of an appropriate technological base, the unified political will of different states and stable international cooperation. The ways to achieve a sustainable future along with challenges to overcome, were considered today by the participants of the session: ‘Mission possible: the Global Energy Prize as a driver for sustainable energy for all’ at the 24th World Energy Congress (Abu Dhabi, UAE).
Today, on the first day of the 24th World Energy Congress, the Global Energy Association held a number of presentations, negotiations and interviews, as well as organized a series of life-shows designed to demonstrate the main achievements of the Global Energy Prize. Association`s experts took part in the business program of the congress.
According to the International Energy Agency, carbon dioxide emissions on the planet grew in 2018 by 1.7 percent to 33.1 billion tons due to the increased demand for energy resources and extreme weather conditions. An increase in atmospheric carbon dioxide concentration exacerbates the global climate crisis and complicates the realization of the ambitious goal of a number of states to achieve zero greenhouse gas emissions by 2050. According to Rodney Allam, the 2012 Global Energy Prize laureate, member of the Global Energy Prize International Award Committee, the transition to a low-carbon future is not so simple. This process requires an integrated approach, long-term planning and coherence. He presented his vision for the transition to this kind of future at the session ‘Deep Decarbonization: New Strategies for Zero Carbon Emissions’, which took place today, September 9th, as part of the 24th World Energy Congress (Abu Dhabi, UAE).