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What we heard at International Energy Week 2024
Why were we 'in search of the energy transition' at International Energy Week 2024?
What did we hear from industry, academics, policy makers and NGOs at International Energy Week 2024?
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2024 speakers included:
International Energy Week 2024
In search of the energy transition
The global energy system has proved itself capable of responding fast to immediate geopolitical shocks. In the face of the crisis precipitated by the Ukraine conflict, conventional energy markets have struggled but largely adapted to the new reality, with unprecedented changes in global trade flows, albeit at a huge cost to consumers.
But in its response to the climate emergency, the energy system is stubbornly resisting the permanent transformation required. Almost a decade on from the Paris Agreement and with dangerous climate impacts now hitting every continent, coal, oil and gas continue to dominate more than 80% of the global energy mix. Despite record growth in renewable electricity, emissions from energy continue to increase. In addition, hundreds of millions of people still don’t enjoy the benefits of access to sustainable energy.
And now the COP28 UAE Consensus makes the historic call for a transition away from all fossil fuels to enable the world to reach net zero by 2050.
Given the scale of this challenge and the long lead times involved, we are losing ground in the race to remove greenhouse gas emissions from our energy system. The technologies exist and the costs are falling. So what’s holding us back?
Convened by the Energy Institute’s sector experts and informed by the EI Statistical Review of World Energy, International Energy Week 2024 was the biggest global energy meeting following the first UN Global Stocktake and other outcomes from COP28 in Dubai.
It focused on identifying and overcoming the barriers standing in the way of accelerating the global energy transition – from policy and regulation to finance and governance, from energy efficiency and shifting demand to capability, people and skills.
Building on the renowned legacy of IP Week, the conference brings together senior figures from across the energy industry, investors, government, academia and NGOs. It’s where the latest strategic thinking, intelligence, and opportunities are shared, and collaboration happens.
Over three days of high-profile keynotes, panel discussions, and networking, and culminating in the prestigious International Energy Week dinner and awards ceremony, the week attracts more than 1,000 delegates from around the globe.
It is the essential annual fixture for those leading on corporate strategy, business development, and technological innovation, those wanting to retain a competitive edge, and anyone seeking insight into the great challenges facing humanity.
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Transitioning out of crisis
Here's what people said about International Energy Week:
'There's no world we can live in where energy poverty can remain but we hit our climate goals. That's why gatherings like this are really important to have everybody in the room working to a solution. People just want power; they just want to live a dignified life - and you cannot live a dignified life without energy.'
'International Energy Week is really important because it's a place where you can bring that environmental imperative and the security agenda together and think about it in a holistic way.'
'This is one of the flagship events of the year in the energy sector, bringing together everyone from the power sector right through to oil and gas, and all the other new innovations coming through in the energy sectors.'
'Ground breaking line up...great to see both sides of the energy transition debate in the room together.'
Winners of the 2024 International Energy Awards
The Energy Institute exists to create a better energy future. In its 25th year, these prestigious awards recognise the best the sector has to offer, and for the first time were presented at the International Energy Week Dinner on 29 February 2024 at The Grosvenor House Hotel in London. This year’s outstanding winners are profiled below.
Global visions: International Energy Week debates the key factors impacting the energy transition
With more than 30 sessions on energy scenarios, energy finance, making a just transition, technological innovation and electrification, International Energy Week 2024 covered lots of ground. One session in particular encompassed the widest possible scope, addressing the global energy situation and outlook. New Energy World Senior Editor Will Dalrymple reports.
People power for a still-transitioning sector
People are the fuel to power a transitioning energy sector and diversity will produce the blend needed to accelerate this change. This was the theme of a few sessions at International Energy Week 2024, reports Nick Cottam.
Leaders of the transition
To understand what makes International Energy Week so compelling, look no further than some of the key speakers on Day One of the 2024 event in late February. New Energy World Features Editor Brian Davis highlights some of the thought-provoking issues expressed.
Why we won’t deliver the energy transition without women leading the way
Following International Energy Week and ahead of International Women’s Day, Nick Wayth CEng FEI, CEO of the Energy Institute and POWERful Women board member, explains why women will be instrumental in leading the energy sector on the road to net zero.
The efficiency of power
At International Energy Week, Energy Institute President Juliet Davenport OBE HonFEI emphasised the importance of electrification to the global task of decarbonisation, as she introduced a conference session on electricity generation and the electrical grid.
Can International Energy Week provide a bridge between polarised energy debates?
In advance of the London-based conference, John MacArthur FREng CEng FEI, Chair of the International Energy Week Board, previews this year’s varied programme.