Global Energy Transition Congress and Exhibition reposted this
Our colleagues Yelda Guven and Marie-Laure Halleman from ExxonMobil Low Carbon Solutions recently spoke at the Global Energy Transition Congress and Exhibition in Milan. This event brought together a range of actors from across the energy value chain and industries to share tangible, scalable and pragmatic approaches to accelerate the energy transition. Yelda spoke at a panel on “climate change regulation without borders”, where she addressed the global landscape in energy, the different approaches to regulation around the globe, and the importance of reducing the cost of the energy transition on consumers. At a separate panel, titled “Insights from the forefront: business leaders at the helm of energy transition ventures”, Marie-Laure discussed the impact of policies on scaling up hydrogen in the EU. Some takeaways: 🌍 There is global competition for capital to support decarbonization around the world. 📈 Incentives are needed to attract investment and so is clarity in policies. 📈 Governments cannot afford to subsidize the energy transition forever. Ultimately, the world must move towards market-based mechanisms. 🌍 Enabling cross-border transportation and storage of CO2 through mutual framework recognition, including with the UK, is key to achieving EU objectives. 📚 EU energy-intensive and trade-exposed industries need effective and sustained carbon leakage protection. 📚 Policies should be technology-neutral and recognize all forms of low-carbon hydrogen. 💡 Collaboration across the value chain, but also with governments and researchers, is key for the energy transition. Find out more about our Low-Carbon Solutions business: https://lnkd.in/gVe4-M8k #GETcongress #Decarbonisation #NetZero