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Business / Qatar Business

Is market volatility putting brakes on energy transition?

Published: 08 Jun 2023 - 08:54 am | Last Updated: 08 Jun 2023 - 08:55 am
Al Attiyah Foundation officials during the roundtable event.

Al Attiyah Foundation officials during the roundtable event.

The Peninsula

At the latest Al Attiyah Foundation CEO Roundtable, top decision makers, internationally renowned experts and captains of industry came together to discuss whether current volatility in the energy markets is sl percent owing or accelerating the race to net-zero by mid-century.

The high-profile event, titled ‘Are Volatile Energy Markets Slowing the Energy Transition?’, was held yesterday and moderated by the acclaimed broadcaster, Stephen Cole. The discussion featured guest speakers: Stephen Thompson, Global Head of LNG & Natural Gas Consulting at Poten & Partners; Wayne Bryan, Director of European Gas Research at Refinitiv; Dr Valerie Marcel, Associate Fellow at Chatham House and Dr Jan Braun, Head of Hydrogen Cooperation for

the MENA Region at Fraunhofer-Gesellschaft.At the core of the forum, guests discussed how clean energy projects have received unprecedented investment over the past year, despite global uncertainty caused by the Russian invasion of Ukraine, ongoing economic recovery from the COVID-19 pandemic and soaring interest rates.

The International Energy Agency, commonly referred to as the IEA, estimated $1.4 trillion poured into “clean energy” projects in 2022, a category that includes solar farms, batteries and electric vehicle charging stations.

Abdullah bin Hamad Al Attiyah, Chairman of the Board of Trustees of the Al Attiyah Foundation and former Minister of Energy and Industry of the State of Qatar, said the CEO Roundtable topic was timely and highly important as it affects both multinational oil and gas companies and the general public.

  “It was wonderful to hear expert insights from guest speakers and attendees at the second CEO Roundtable of 2023. Current volatility in the market is having wide ranging consequences for humanity. For many across the world, the cost of electricity and heating has risen to unsustainable levels.