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A recent article on Forbes by Merrick Laravea highlights the World Energy Council’s (WEC) chairman Younghoon David Kim’s motivation to draw increased attention to green technologies at the 24th World Energy Congress, which will take place in Abu Dhabi in 2019.
I find the key topics of the upcoming congress very exciting and much needed. According to the article, “the importance of new technologies and responsible environmental stewardship will be key areas of focus at the 2019 World Energy Congress”. The chairman’s belief and effort in green technologies seem to be greatly contributory to the WEC’s increased focus.
The article points out that Kim and other leaders plan to facilitate the transition to renewable energy although, fossil fuels are predicted by the WEC to comprise 5o-70% of energy sources in 2060. This is because the shift is inevitable given the finite resources and climate change threat.
The congress will look at technologies that can drive the energy industry away from over-relying on fossil fuels towards renewable energy and how those innovative technologies will be funded. According to Kim, “Now, the energy industry is moving from a capital-intensive industry to a knowledge-based industry.” He emphasizes the need for outside-the-box approaches that will bring about creative solutions.
Another interesting remark in the article is the need for these technologies to be able to provide solutions for the projected shortages in food and water in the future. Furthermore, among the most important regions of consideration for the congress will be Asia. since it emerges as the biggest group of energy consumers.
WEC has the ability to influence a broad range of industries and economy since energy is a key commodity. Thus, WEC’s increased encouragement means a lot to the acceleration of green tech. Hopefully, it will also be inspirational to change the static mindset of the conventional energy industry to adapt to the change.
Thank you for reading, see you in a future post!
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Published on July 9th, 2018
Last updated on July 13th, 2018