Following the impact of the coronavirus pandemic on the industry and general economic activity, some vital changes will occur especially in the short term. However, the long-term goal for energy transition is expected to continue.
Despite the budget cuts that have been announced by some of the major energy companies at an average of 28%, there’s been reaffirming of their commitment to the net-zero path. An example is BP CEO’s announcement in May around the goal to reduce their carbon footprint to zero and embracing the energy transition.
The scale of new technologies will be vital for the energy transition, and we are already seeing project developments to achieve this goal. Governments have increased spending on research and development for the use of hydrogen energy. Whilst in the aviation industry, the International Air Transport Association (IATA) announced there is a commitment to no further increase in carbon emissions from 2020 onwards, and a 50% reduction in emissions by 2050. E-fuels produced via renewable resources also have a key role to play, whilst we expect to see growth is in chemical production.
Date: Thursday 30 July
Timing: 10:00 - 11:30 (UK time)
Cost: EIC Member: FOC / Non-Member: £25.00 + VAT
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