The CEO of Shell, Ben van Beurden, has noted the importance of taking a global perspective on tackling climate change as energy system undergoes transformational change.
Van Beurden said this while participating in a panel discussion at the recently concluded World Petroleum Congress, in Turkey.
The discussion’s theme was about shaping the future of energy, where he said there have already been huge advances in efficiency, through digitalisation and in the field of renewables.
“With wind and solar, costs have come down fast and are predicted to fall further. All of this is good news for the world and must accelerate. All this change also offers many opportunities for energy companies,” he noted.
Global energy system reduce emissions
Van Beurden also highlighted the global commitments to reducing the greenhouse gas emissions and effects that is making on the oil and gas sector.
He said: “Take Turkey, for example, a country in which Shell has a proud 94-year history of operations. Here we find a country moving to meet its Paris commitment – a 21% reduction in greenhouse gas emissions – with a government strategy of renewable hydro, solar and wind power, combined with an expansion in the country’s capacity for liquefied natural gas with its lower emissions profile compared to coal.” Read more…
“In 2015 Turkey’s LNG capacity was 34 million cubic metres. It was 64 million cubic metres at the dawn of 2017 and will be 107 million six months from now.
“This is just part of the change taking place in one country, and change on this scale does not just happen on its own,” he said.
He said it takes vast effort, investment and collaboration to achieve that.
“That is why the energy transition we are seeing take shape is also a challenge for the world. It is a complex task and there is no simple solution,” Van Beurden said.
Energy demand drives energy transition
Van Beurden made reference to the UN’s population projections, which said tells a compelling story of complexity and evolving energy demand.
He said often energy transition is considered from the perspective of the European or the North American.
Van Beurden stated that, while this is true, “these areas of the world have a historical responsibility for the greenhouse gases in our atmosphere which translates into a responsibility to act today.”
Featured image by 123rf