S01 WFES Dailies 2016 - Day 4_Layout 1 20/01/2016 14:37 Page 1
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DAILY NEWS
DAY 4 21 JAN 2016
Leaders urge low carbon future Governments and the private sector must “accelerate progress”
The session was moderated by Nick Cochrane-Dyet, Special Advisor to the Chief Representative of BP, and the panel was made up of Dr Matar Al Neyadi, Undersecretary to the UAE Ministry of Energy; Kerry Adler, President and CEO of SkyPower Global, Canada; Neil C. Hawkins, Chief Sustainability Officer and Corporate Vice President for Environment, Health and Safety, the Dow Chemical Company; Ahmed Al Hashmi, Head of Upstream Technology, BP; Deb Frodl, Global Executive Director, GE Operations; and Bjorn Otto Sverdrup, Senior Vice President for Sustainability, Statoil.
News from the speakers and exhibitors
3
Egypt: Opportunties and challenges for new energy
10
Analysis of the energy industry after COP21
14
Green bonds for sustainable investment
16
EcoWaste: Promoting a clean, green future
26
Mr Cochrane-Dyet introduced the session with an announcement from the annual BP Energy Outlook report that while less coal and more gas is being utilised across the world, the 2ºC temperature increase scenario could still occur before 2035.
Q&A interviews with leading speakers
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“What are we going to do about it?” he asked the audience and panel, before urging the private and government sectors to “accelerate progress.”
Exhibitor news from Korea and Denmark pavilions
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Gallery: People and events from WFES 2016
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A distinguished panel discussed solutions for a low-carbon world
An international panel of government and corporate leaders shared their thoughts on practical ways to move away from dependence on fossil fuels at yesterday’s “Accelerating Progress to a Low Carbon Future” session.
CONTENTS
Dr Al Neyadi outlined the progress made by the UAE since 1995, when ADNOC, Abu Dhabi’s state oil company, implemented a zero-flaring policy “wherever possible”. He added that in 2014, Masdar launched a carbon capture and storage scheme, and environmental rehabilitation projects, particularly for marine life, have been important. Removing the fuel price subsidy is a UAE policy that has been put in place to encourage more responsible consumption. (Continued on page 3)