What happens to oil, coal, power and gas assets in the transition to low-carbon energy systems?
The Centre, Brussels, 2014-07-09
Join us at the Centre, in Brussels, for a preview of Climate Policy Initiative’s (CPI) upcoming report “Moving to a Low Carbon Economy: The Impact of Different Transition Policy Pathways on the Owners of Fossil Fuel Resources and Assets”.
The report has contributed to the New Climate Economy project headed up by former Mexican president Felipe Calderon and to be published in September at the UN Climate Summit in New York.
The report finds that low-carbon energy investments can help reduce the cost of transition, and can even result in net gains in some sectors. The ultimate cost of transition, however, depends on government policy as well as industry and investor actions. Clear policy signals can limit the risk of lost asset value, while innovation in industry, finance, and policy can lower the cost of transition.
Which transition paths should governments follow and what policy instruments should they use? What role should the private sector play? What will be the overall impact of the transition be and who will bear the risks of the transition?
Join us for a presentation of the findings by CPI Senior Director David Nelson, followed by a debate with our expert panelists:
Jos Delbeke, Director-General, DG Climate Action, European Commission
Bas Eickhout MEP, Greens-EFA – European Parliament
Moderation by Simon Wilson, Director, Edelman Brussels