Dec 3, 2019

Events and Associations

Marcus Lawrence
4 min
Energy Digital runs down some of the biggest upcoming energy and sustainability events from around the world
Event: World Future Energy Summit Location: Abu Dhabi, UAE

Event: World Future Energy Summit

Location: Abu Dhabi, UAE

Date: 13-16 January 2020

With a projected 33,500 attendees from 170 countries and over 800 exhibitors, the World Future Energy Summit is surely one of the biggest and most influential global events for future energy. Covering energy, water, eco-waste and smart cities, the event’s confirmed speakers thus far include: Daniel Hanna, Global Head of Sustainable Finance at Standard Chartered; Elle Runton, Senior Project Manager for Rethink Plastic, Emirates Nature at WWF; Raman Nanda, CEO of SoftBank Energy; and many more.

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Event: European Gas Conference

Location: Vienne Marriott Hotel, Vienna, Austria

Date: 27 – 29 January 2020

Hosted by OMV, the European Gas Conference brings together decision makers from the biggest players in Europe’s gas market, with the 2020 event set to feature talks on increasing LNG supplies in Europe, working more closely with the European Commission, the implementation of technologies to increase hydrogen production rates, and much more. Confirmed speakers include, among others: Rainer Steele, CEO of OMV; Edward Winter, Managing Director of Blackrock; Andreas Schierenbeck, CEO of Uniper; and Oleg Aksyutin, Deputy Chairman of the Management Committee and Head of Department at Gazprom.

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Event: edie Sustainability Leaders Forum 2020 

Location: Business Design Centre, London 

Date: 4-5 February 2020 

The edie Sustainability Leaders Forum is set to host over 300 sustainability leaders from CEOs and sustainability directors, to policymakers and NGOs. The forum includes global names like Unilever, Coca-Cola, P&G, NG, AXA and more. The event is organised by edie, a sustainable business media organisation which provides research and reports for sustainability professionals. It also hosts industry awards which recognise those who are “redefining what it means to be a sustainable, ethical and responsible business”. The awards include categories such as: ‘consultancy of the year,’ ‘carbon reduction,’ ‘energy efficiency,’ ‘rising sustainability star’ and ‘sustainable supply chains.’ 

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Event: Fossil and Renewable Energy – Fourth International Conference

Location: Houston, Texas, USA

Date: 17-19 February 2020

The United Scientific Group’s F&R Energy conference gathers academic experts from around the globe to share innovations in the energy sector, and spur change for the better in global energy markets. Over three-days, thought leaders, academics, engineers and business executives will speak about current trends, emergent technologies, fresh strategies to tackle challenges in energy industries around the world and how new paradigms will reshape the energy landscape. Keynote speakers will include: Zhifeng Ren from the University of Houston; Andrew Barron, Director of the UK’s Energy Safety Research Institute (ESRI); Sibudjing Kawi of the National University of Singapore; Daniel Su from the National Institute of Occupational Safety and Health, Philadelphia; and many more.

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Event: The Sustainability Summit 2020

Location: London, UK

Date: 26 March 2020

Hosted by The Economist, the Sustainability Summit 2020 will be focused primarily on the need for governments and institutions around the globe to significantly upscale efforts to decarbonise industries and drastically cut emissions to keep global warming below 1.5°C. The day-long event will cover the impacts of sustainability goals on economic growth, the current progress toward the UN’s Sustainable Development Goals, the impacts of environmental issues on mental health, and prospective policies that could help turn the tide against carbon emissions and climate change.

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Event: Electric and Hybrid Vehicle Technology Expo

Location: Stuttgart, Germany 

Date: 28-30 April 2020

The Electric and Hybrid Vehicle Technology Expo (EHVTE) in Stuttgart will offer attendees the chance to hear from and speak with over 450 manufacturers and service providers from across the hybrid, electric vehicle (EV) and battery supply chains. Offering the chance to glean insights from industry leaders on the latest innovations and solutions, EHVTE promises to be one of the best destinations for industry players in 2020.

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Event: All-Energy Exhibition Conference 

Location: Glasgow, UK

Date: 13-14 May 2020

Glasgow’s All-Energy Exhibition and Conference strives to enable the UK renewable low carbon energy community “to interact, conduct business, network and learn, whether face-to-face or online”, according to the organisers. Held annually in Scotland, the event brings together a total audience of around 7,000 and promises to be a must-attend conference for any energy professional.

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Event: Cleantech Forum Europe

Location: Luxembourg, Luxembourg

Date: 18-20 May 2020

The 16th annual Cleantech Forum Europe, set over three days, brings together the biggest players in the clean technology space, along with government representatives and investors, for discussion, networking and opportunities to strike new partnerships. Keep an eye out for updates on speakers and the event’s programme in the coming months.

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Jul 29, 2021

Carbon dioxide removal revenues worth £2bn a year by 2030

Dominic Ellis
4 min
Engineered greenhouse gas removals will become "a major new infrastructure sector" in the coming decades says the UK's National Infrastructure Commission

Carbon dioxide removal revenues could reach £2bn a year by 2030 in the UK with costs per megatonne totalling up to £400 million, according to the National Infrastructure Commission

Engineered greenhouse gas removals will become "a major new infrastructure sector" in the coming decades - although costs are uncertain given removal technologies are in their infancy - and revenues could match that of the UK’s water sector by 2050. The Commission’s analysis suggests engineered removals technologies need to have capacity to remove five to ten megatonnes of carbon dioxide no later than 2030, and between 40 and 100 megatonnes by 2050.

The Commission states technologies fit into two categories: extracting carbon dioxide directly out of the air; and bioenergy with carbon capture technology – processing biomass to recapture carbon dioxide absorbed as the fuel grew. In both cases, the captured CO2 is then stored permanently out of the atmosphere, typically under the seabed.

The report sets out how the engineered removal and storage of carbon dioxide offers the most realistic way to mitigate the final slice of emissions expected to remain by the 2040s from sources that don’t currently have a decarbonisation solution, like aviation and agriculture. 

It stresses that the potential of these technologies is “not an excuse to delay necessary action elsewhere” and cannot replace efforts to reduce emissions from sectors like road transport or power, where removals would be a more expensive alternative.  

The critical role these technologies will play in meeting climate targets means government must rapidly kick start the sector so that it becomes viable by the 2030s, according to the report, which was commissioned by government in November 2020. 

Early movement by the UK to develop the expertise and capacity in greenhouse gas removal technologies could create a comparative advantage, with the prospect of other countries needing to procure the knowledge and skills the UK develops.

The Commission recommends that government should support the development of this new sector in the short term with policies that drive delivery of these technologies and create demand through obligations on polluting industries, which will over time enable a competitive market to develop. Robust independent regulation must also be put in place from the start to help build public and investor confidence.

While the burden of these costs could be shared by different parts of industries required to pay for removals or in part shared with government, the report acknowledges that, over the longer term, the aim should be to have polluting sectors pay for removals they need to reach carbon targets.

Polluting industries are likely to pass a proportion of the costs onto consumers. While those with bigger household expenditures will pay more than those on lower incomes, the report underlines that government will need to identify ways of protecting vulnerable consumers and to decide where in relevant industry supply chains the costs should fall.

Chair of the National Infrastructure Commission, Sir John Armitt, said taking steps to clean our air is something we’re going to have to get used to, just as we already manage our wastewater and household refuse. 

"While engineered removals will not be everyone’s favourite device in the toolkit, they are there for the hardest jobs. And in the overall project of mitigating our impact on the planet for the sake of generations to come, we need every tool we can find," he said.

“But to get close to having the sector operating where and when we need it to, the government needs to get ahead of the game now. The adaptive approach to market building we recommend will create the best environment for emerging technologies to develop quickly and show their worth, avoiding the need for government to pick winners. We know from the dramatic fall in the cost of renewables that this approach works and we must apply the lessons learned to this novel, but necessary, technology.” 

The Intergovernmental Panel on Climate Change and International Energy Agency estimate a global capacity for engineered removals of 2,000 to 16,000 megatonnes of carbon dioxide each year by 2050 will be needed in order to meet global reduction targets. 

Yesterday Summit Carbon Solutions received "a strategic investment" from John Deere to advance a major CCUS project (click here). The project will accelerate decarbonisation efforts across the agriculture industry by enabling the production of low carbon ethanol, resulting in the production of more sustainable food, feed, and fuel. Summit Carbon Solutions has partnered with 31 biorefineries across the Midwest United States to capture and permanently sequester their CO2 emissions.  

Cory Reed, President, Agriculture & Turf Division of John Deere, said: "Carbon neutral ethanol would have a positive impact on the environment and bolster the long-term sustainability of the agriculture industry. The work Summit Carbon Solutions is doing will be critical in delivering on these goals."

McKinsey highlights a number of CCUS methods which can drive CO2 to net zero:

  • Today’s leader: Enhanced oil recovery Among CO2 uses by industry, enhanced oil recovery leads the field. It accounts for around 90 percent of all CO2 usage today
  • Cementing in CO2 for the ages New processes could lock up CO2 permanently in concrete, “storing” CO2 in buildings, sidewalks, or anywhere else concrete is used
  • Carbon neutral fuel for jets Technically, CO2 could be used to create virtually any type of fuel. Through a chemical reaction, CO2 captured from industry can be combined with hydrogen to create synthetic gasoline, jet fuel, and diesel
  • Capturing CO2 from ambient air - anywhere Direct air capture (DAC) could push CO2 emissions into negative territory in a big way
  • The biomass-energy cycle: CO2 neutral or even negative Bioenergy with carbon capture and storage relies on nature to remove CO2 from the atmosphere for use elsewhere

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