Co-hosted With Indian Council for Research on International Economic Relations and in partnership with the Think 20 (T20) Saudi Arabia
Pathways to the transition
The overarching global issue, irrespective of whether in developing or developed countries, would be to identify the role of hydrocarbons in a net-zero carbon future. The overall goal is to achieve the Sustainable Development Goals of access to affordable, clean, and efficient energy, in parallel with aggressive action to mitigate emissions from energy use. The challenge is exacerbated in large populations in Asia and Africa that are yet to ensure full electricity and energy access, with growing concerns in the rest of the world that as these populations enter the energy mainstream, the climate impacts could be severe. Managing this transition is crucial for global energy sustainability. How can we design an energy pathway to achieve that?
- Three case studies: India, Saudi Arabia, ….
- Identify common elements that help achieve universal access to clean energy: market design, policy support, regulatory framework.
- Structure these identified elements in a ‘circular carbon economy’ framework.
- Acknowledge the diversity in developing countries in governance structures, market conditions and energy resources.