15 May '18, 8am
A glimpse into the future of energy
The energy industry is being reshaped by major forces, including decentralization, digitization, shifting demand and prices and greater sustainability as a public policy issue. As the risks shift, so too do the opportunities. In March in Dubai, Christoph Frei, secretary general of the World Energy Council, spoke at Marsh’s Energy Industry Conference . Brock Meeks caught up with Frei after the conference. Tom Carver: First of all, what risks to innovation do you see in the energy sector? Christoph Frei: There are several key risk areas regarding innovation in the energy industry. One of the main ones is decarbonization. If you look back over the past 45 years, we’ve managed to decarbonize gross domestic product by, on average, 1 percent per annum. If we want to achieve a change of 2 degrees Celsius, we must accelerate this from 1 percent to 6 percent per annum. The challeng...