IEF: Will High Prices Accelerate the Transition Away from Oil?
In the past, high oil prices have increased the cost competitiveness of low-carbon energy alternatives and made such investments more attractive. Oil and gas prices are now reaching multi-year highs, creating additional momentum by policy makers and environmentalists to further accelerate the pace of transition. Will high oil prices, even for a short duration, help accelerate transition? Will volatility in commodity prices encourage regulators to restrict oil and gas investments? Will high oil prices facilitate faster electrification in the transport sector? Are high commodity prices necessary for this decade to finance the energy transition? Speakers H.E. Mohammad Sanusi Barkindo, Secretary General, Organization of the Petroleum Exporting Countries (OPEC) Jeffrey Currie, Global Head of Commodities Research in Global Investment Research (GIR), Goldman Sachs International Tarun Kapoor, Secretary, Ministry of Petroleum and Natural Gas, India Chair James Burkhard, Vice President, Oil Markets, Energy & Mobility, IHS Markit
Play video IEF: Indian Leadership Dialogue
IEF: Indian Leadership Dialogue
(2021) Leaders from across India’s value chain of energy explore how industry is innovating and investing to meet the economic growth and development needs of the country.
Play video IEF: India Leadership Dialogue with Patrick Pouyanné
IEF: India Leadership Dialogue with Patrick Pouyanné
(2021) In June 2021, Total rebranded to TotalEnergies to reflect its transformation to a multi-energy company in support of the energy transition. What role is India playing in its new strategy? What does the post-COP26 energy landscape look like?
Play video IEF: India's Hydrocarbon Balance: Securing Barrels
IEF: India's Hydrocarbon Balance: Securing Barrels
(2021)India imports about 85% of its crude oil demand. What strategies are necessary for India to offset decline in domestic production and reduce import dependence? How can production from mature fields increase using state of the art technologies?
Play video IEF: Leadership Dialogue with Bernard Looney
IEF: Leadership Dialogue with Bernard Looney
(2021) Between now and 2050 bp estimates that India alone could account for 90% of the total growth in global energy demand. What role is India playing in bp’s transition from an international oil company to a broader integrated energy company?
Play video IEF: Achieving Global and India Renewables Goals
IEF: Achieving Global and India Renewables Goals
(2021) Net-zero targets by governments & corporations offer significant upside potential to the growth of renewables. What policies are needed to achieve higher renewables penetration? What technology developments will reduce costs?
Play video IEF: India’s Energy Innovation Ecosystem
IEF: India’s Energy Innovation Ecosystem
(2021) How is India’s innovation ecosystem developing to commercialize technology and scale solutions for its energy & industrial transformation? What institutional partnerships are supporting domestic innovation and bringing them to market?