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Post-pandemic and post-COP26, what will the global energy industry look like?
For the last six years, the Atlantic Council has held the Global Energy Forum, gathering the world’s top energy and foreign policy decision-makers to set the agenda for the year ahead and examine the longer-term geopolitical and geoeconomic implications of the changing energy system. RBC has been sponsoring the Forum for five years, during which time it has emerged as the go-to conference for insights into the geopolitical and market issues confronting the energy industry in the coming year.
This year’s Forum comes as the world reaches a crossroads. Economies are emerging from the global pandemic and finding that the need to respond to the climate crisis is becoming ever more urgent.
“It's timely, as usual, for the world to converge in Abu Dhabi in January, on the platform of the Global Energy Forum to take stock of the outcome of COP26 in Glasgow this November, within the context of the global energy transition.
“This platform has always been very, very useful and important to the world of energy because it brings together thought leaders, industry chiefs and policymakers around the world in order to talk through the future course, so OPEC looks forward to attend in this very important and timely forum,” said Mohammad Barkindo, Secretary-General of OPEC, ahead of the Forum.
“It's timely, as usual, for the world to converge in Abu Dhabi in January, on the platform of the Global Energy Forum to take stock of the outcome of COP26 in Glasgow this November, within the context of the global energy transition.”
Mohammad Barkindo, Secretary-General of OPEC
The 2022 Forum will have a special focus on the post-pandemic energy system, emerging net-zero carbon goals and the role of oil and gas in a net-zero world, as well as the role of the Middle East in the energy transition, and the US’s energy and foreign policy priorities in the Biden administration. Helima Croft, Managing Director and Global Head of Commodity Strategy at RBC Capital Markets, said that hearing the debate around the energy transition is critically important to the bank.
“It really is a sort of premier event where you bring together the top global energy thought leaders to discuss what are going to be the main issues on the agenda for the year. I'm particularly interested in hearing how key oil-producing countries are thinking about the net-zero challenges and strategies and how consuming nations like India are thinking about what is the optimal energy mix that balances the net-zero agenda with the really important issue of energy access,” she said.
“I'm particularly interested in hearing how key oil-producing countries are thinking about the net-zero challenges and strategies and how consuming nations like India are thinking about what is the optimal energy mix that balances the net-zero agenda with the really important issue of energy access.”
Helima Croft, Managing Director and Global Head of Commodity Strategy at RBC Capital Markets
Crescent Petroleum CEO Majid Jafar added that the timing and place couldn’t be more appropriate.
“The Forum is coming after COP26, but also as the world is emerging, hopefully, from the pandemic, and really wrestling with this challenge of the energy transition and climate change, particularly as it affects the developing world,” he said.
Last year was a year of upheaval across energy markets, and this year is unlikely to be much less dramatic, considering the upheaval of the energy transition. If you are interested in attending the Forum to hear its key insights into the global energy industry, please contact your RBC representative.
