Event Date: 26-27 April 2017
In December 2015, Parties to the UNFCCC agreed on the Paris Agreement and the voluntary commitment by countries to decarbonize the world’s economies through policies and targets laid out in their respective Intended Nationally Determined Contributions (INDCs). The run-up to, and the Paris COP21 itself provided an unprecedented opportunity for non-state action. The private sector engaged in a number of partnerships and initiatives aimed at reducing GHG emissions.
A structured dialogue involving experts would allow for an exchange of ideas on the issue of decarbonization, aimed at increasing the understanding of what decarbonization means for the oil and gas sector as well as other businesses and industries, and discuss decarbonization options, trends, and best practices.
UN Environment and IPIECA organized a two-day dialogue involving 20-25 experts from international organizations, companies in the oil and gas industry, financial institutions, utilities, non-governmental organizations, and research institutions, to discuss the implications of the Paris Agreement for the oil and gas sector, and other sectors and industries that rely on fossil fuels for their operations. The workshop was informed by several commissioned papers that provided a basis for thoughtful discussions and exchange of views.
Topics covered include:
- The Paris Agreement and its implications for industries that supply and use fossil fuels
- Options for mitigating the carbon emission impact of oil and gas operations along the entire value chain, including the role of new and existing technologies in achieving this goal
- Financial sector perspectives and views on managing climate-related risks in the industry and its role for triggering low carbon investments
- Decarbonization perspectives (short/medium term and long term) and options for selected industries such as utilities, aviation, transport, agriculture.
The workshop summary is accessible here.
The detailed agenda is available here.
- IPIECA’s view on the Paris Agreement and low emissions pathways:
1.OBJECTIVES OF THE PARIS AGREEMENT, AND THE ROLE OF TECHNOLOGY IN THE 2°C /1.5°C SCENARIOS
2.REDUCING EMISSIONS FROM OIL AND GAS EXTRACTION, TRANSPORTATION, AND USE
3.TRANSPORT: CHALLENGES AND OPPORTUNITIES FOR FUEL EFFICIENCY AND ALTERNATE FUEL TECHNOLOGIES
4.AVIATION CLIMATE DEAL TAKES OFF: WHAT’S NEXT?
5. PERSPECTIVES ON FINANCING AND INVESTING IN THE LOW EMISSIONS TRANSITION
5.1 Global Trends in Renewable Energy Investment – Silvia Kreibiehl, Derek Campbell (Frankfurt school of Finance & Management)
The list of attendees is available here.